Insurance Losses for October Storms in Southern Australia Estimated at A$1.03B December 13, 2021 The initial industry loss estimates for Southern Australia’s severe storms, which occurred during the period of Oct. 28-30, 2021, are...
Extreme Winds in Ontario Knock Down Trees, Power Lines, Cutting Electricity for 80,000 December 13, 2021 By Robert Tuttle More than 80,000 customers in Canada’s most populous province remain without electricity after extreme winds swept through several Ontario cities...
China’s Alibaba Fires Woman Who Accused Boss of Sexual Assault in #MeToo Setback December 13, 2021 By Bloomberg News Alibaba Group Holding Ltd. has fired a woman who accused a manager of sexual assault, a surprise move that came...
From Wildfires to Floods, Climate Change Worsens Extreme Weather Across Globe December 13, 2021 By Lisa Shumaker and Andrea Januta Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought,...
Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report December 13, 2021 By Chiara Albanese and Sonia Sirletti Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the...
Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam December 13, 2021 By Luis Jaime Acosta Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de...
British Insurer LV= Rejects Bain Takeover Bid; Royal London Wants to Talk December 10, 2021 By Pushkala Aripaka and Carolyn Cohn British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant...
People Moves: Markel’s Hastings Named President of W. R. Berkley Syndicate Mgmt; Chaucer Promotes Sharp to Head of Political Violence & Crisis Mgmt December 10, 2021 This edition of International People Moves covers appointments at W.R. Berkley and Chaucer. A summary of these new hires follows...
M&A Insurance Rates Nearly Double After Explosion of Dealmaking During Pandemic December 10, 2021 By Carolyn Cohn The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said,...
Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services December 10, 2021 Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and...