European Floods in Mid-July Cost Insurers $12B, Topping Non-U.S. Events in 2021 January 4, 2022 The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based...
Cyber Insurtech Corvus Buys Lloyd’s Coverholder Tarian Underwriting Ltd. January 4, 2022 Corvus Insurance, the Boston-based, cyber-focused managing general agent, announced it has acquired Tarian Underwriting Ltd. from Beat Capital Partners Ltd....
Investors Demand $2.5B in Possible German Class Action Over Bayer’s Monsanto Deal January 3, 2022 Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in...
January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter January 3, 2022 The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain...
ASML Reports Fire at Berlin Factory That Makes Key Equipment for Chip Manufacturers January 3, 2022 ASML Holding NV on Monday said there has been a fire at a factory it owns in Berlin, Germany, adding...
Yemeni Fighters Hijack UAE-Flagged Cargo Ship, Saudi-Led Military Coalition Says January 3, 2022 Yemen’s Houthi fighters hijacked a United Arab Emirates-flagged cargo ship off the coast of Yemen on Sunday night, according to...
Indian iPhone Plant Workers Became Ill From Tainted Food. Then a Rare Protest Began. January 3, 2022 By Sudarshan Varadhan, A. Ananthalakshmi and Ahmed Farhatha SRIPERUMBUDUR, India — For women who assembled iPhones at a Foxconn plant in southern India, crowded dorms without flush toilets...
Tokio Marine Appoints Hirai as CEO for Asia Region January 3, 2022 Tokio Marine announced the appointment of Masahito Hirai as chief executive officer of Tokio Marine Asia Pte. Ltd. (TMA), its...
Zurich Insurance to Sell Italian Life and Pensions Back Book to Portugal’s GamaLife January 3, 2022 Zurich Insurance will release about $1.2 billion of capital by selling its Italian life and pensions back book to Portuguese...
China Approves HSBC Acquisition of 100% of Insurer Joint Venture December 30, 2021 HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint...