Toyota Suspends Tokyo Factory Operations After Suspected Cyber Attack March 1, 2022 Toyota Motor Corp. said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a...
Riskonnect Acquires UK Risk Management Software Firm Sword GRC February 28, 2022 Integrated risk management software provider Riskonnect reports it has acquired the Sword GRC, a UK-based software company that specializes in...
Facing Antitrust Charges, Irish Insurer Group to Unlock Platform for Nonmembers February 28, 2022 By Foo Yun Chee Irish insurers’ association Insurance Ireland has offered to open up its data sharing platform to nonmembers and apply fair criteria...
People Moves: Rosa Appointed CEO of Euler Hermes Agency; Gallagher Re Adds Aon’s LaPalme; Marsh Hires Lipinska, Cobb February 28, 2022 This edition of International People Moves details appointments at Euler Hermes, Gallagher Re and Marsh. A summary of these new...
Insurtech Descartes Partners With Modeling Firm Reask to Expand Parametric Cover February 28, 2022 Descartes Underwriting, the Paris-based parametric insurtech, has formed a partnership with Reask, the tropical-cyclone modeling firm. The partnership aims to...
AM Best: Ukraine Invasion to Likely Have ‘Substantial Impact’ on Insurance Industry February 28, 2022 Russia’s invasion of Ukraine could add to inflationary pressures and will likely have a substantial impact on the global insurance...
India Approves Up to 20% Foreign Direct Investment in Giant Insurer LIC: Source February 28, 2022 India’s cabinet approved on Saturday a policy amendment allowing foreign direct investment of up to 20% in Life Insurance Corp...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage February 26, 2022 By Monica Raymunt Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last...
Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished February 25, 2022 By L.S. Howard The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...