S. Africa Insurer Santam Loses Appeal in COVID-19 Business Income Case With Hotelier October 7, 2021 JOHANNESBURG – South Africa’s Supreme Court of Appeal has ruled Santam is liable to cover the impact of COVID-19 restrictions...
July’s European Floods Generated Largest Non-U.S. Insurance Industry Loss in 2021 October 7, 2021 The extreme flooding event in Western Europe in mid-July generated the largest insurance industry loss figure so far this year...
Arrow Risk Management Launches MGA Platform, Led by Former Barbican Executives October 7, 2021 Arrow Risk Management announced the launch of its new MGA underwriting platform, led by Jon Godfray as chief executive officer...
Broker New Dawn Risk Group Launches Europe Subsidiary in Malta October 7, 2021 New Dawn Risk Group, the London-based broker, announced the launch of its new European subsidiary, New Dawn Risk (Europe), headquartered...
Hub International Completes Purchase of Canada’s National Home Warranty Group October 7, 2021 Hub International Ltd., a Chicago-based broker and financial services firm, announced it has completed the acquisition of the assets of...
Singapore Plans to Review Cybersecurity Strategy and Laws October 6, 2021 By Jamie Tarabay and Yoolim Lee Singapore plans to review its strategy to further safeguard the country against cyber attacks, and may also revise its laws...
Behind the Crypto Broker Accused of Enabling Ransomware Hackers October 6, 2021 By Kartikay Mehrotra and Olga Kharif A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in...
Brazil’s Vale CEO Says Dam Tragedies Were Wake Up Call on Safety, Green Policies October 6, 2021 By Marta Nogueira After two deadly dam disasters that made Vale SA a pariah of the global green movement, Brazil’s largest mining company...
People Moves: Marsh Names Bruce as CEO, Marsh Commercial, Succeeding Gruppo October 6, 2021 Marsh, the world’s leading insurance broker and risk adviser, announced the appointment of David Bruce as CEO, Marsh Commercial. Subject...
Lloyd’s and London’s Finance District Confront a Past Steeped in Slavery October 6, 2021 By Carolyn Cohn and Huw Jones LONDON — British ships ferried over 3 million enslaved African people across the Atlantic Ocean. Lloyd’s of London insured many...