Insured Damage From Germany’s Deadly July Floods Estimated at €7B ($8.2B) August 27, 2021 Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2...
Japan Vaccination Drive Faces Possible Setback Due to Contaminated Batch August 27, 2021 By Chang-Ran Kim and Rocky Swift A contaminant found in a batch of Moderna Inc.’s COVID-19 vaccines delivered to Japan is believed to be a metallic...
Ping An Insurance Profit Falls on Land Developer Investments August 27, 2021 Ping An Insurance Group Co. of China, China’s largest insurer by market value, reported a 15.5% fall in first-half net...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report August 27, 2021 Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed...
KCC Estimates Insured Loss From Hurricane Grace: $300M in Mexico, $30M in Caribbean August 26, 2021 Catastrophe modeling firm the Karen Clark & Company (KCC) estimates that the insured loss to onshore properties from Hurricane Grace...
People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation August 26, 2021 This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these...
Swiss Re Signs $10M Carbon Removal Purchase Agreement to Fight Climate Change August 26, 2021 Swiss Re and carbon removal specialist Climeworks are partnering to combat climate change — by signing the world’s first long-term...
More Canadian Businesses to Introduce Vaccine Mandates for Employees: Minister August 26, 2021 By Steve Scherer More Canadian businesses will introduce COVID-19 vaccine mandates for their employees to safely return to the office amidst a growing...
Canada’s Ruling Party Plans Tax Hike for Big Insurers, Banks to Fund COVID Recovery August 26, 2021 By David Ljunggren and Nichola Saminather OTTAWA – Canada’s ruling Liberal Party said on Wednesday that if re-elected it would raise corporate taxes on the most...
Insurers Need to Accelerate Exit From Oil & Gas Industry to Meet Climate Goals: Report August 26, 2021 By Tim Quinson For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts...