Acrisure Continues Global Expansion With Acquisition of Spain’s Summa Brokerage March 3, 2022 Michigan, U.S.-based financial services and insurance brokerage firm Acrisure reports it has acquired a top insurance brokerage in Spain, Summa...
Ship Insurer West Withdraws Cover on 2 Russian Ships Over U.S. Sanctions March 3, 2022 By Jonathan Saul British ship insurer West of England has withdrawn cover for two container ships operated by Russia’s FESCO Transportation Group after...
Many Boardrooms Still Fail to Grasp ESG Risk, Marsh Review of Annual Reports Finds March 2, 2022 Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating...
People Moves: Lloyd’s Names Gomez People Officer; McMillan Joins Brace Specialty From Canopius March 2, 2022 Lloyd’s Names Gomez as Chief People Officer Lloyd’s of London has appointed Sara Gomez as chief people officer (CPO). As...
Shipping Firm Warns Delays May Damage Perishable Cargo Shipments to Russia March 2, 2022 Shipments of foodstuffs and medical supplies to Russia risk being damaged or spoiled due to significant delays at ports and...
China Will Not Impose Sanctions on Russia for Ukraine Invasion March 2, 2022 By Kevin Yao BEIJING — China will not join in sanctions on Russia that have been led by the West, the country’s banking...
Analysis: Russian Ransomware Attacks on Ukraine Muted by Leaks, Insurance Exclusion March 2, 2022 By James Pearson and Raphael Satter Warnings that pro-Russian ransomware gangs would snarl networks in Ukraine and its allies have so far failed to materialize amid...
Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS March 2, 2022 Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1...
Burnt-Out Cargo Ship With Luxury Cars Sinks Off Portugal’s Azores March 1, 2022 LISBON — A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the...
Major Investors to Settle, End Suits Against Allianz Over Losses in Funds Collapse March 1, 2022 By Tom Sims and Jonathan Stempel A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over...