People Moves: Howden Names Willis’ Everling as CEO Netherlands, Corporate; Carpenter’s Christian to BMS Re; Aon Reins Hires TigerRisk’s Jackson in U.S. August 25, 2021 This edition of International/Reinsurance People Moves details appointments at three brokers: Howden, BMS Re and Aon with roles in the...
UK Insurers Warned They Could Face Regulatory Action Over Car, Home Policies August 25, 2021 By Huw Jones LONDON – Insurers in Britain that are not ready to implement tougher “value for money” rules on car and home...
Insurtech ELEMENT and MGA Parametrix Launch Cloud Outage Insurance in Europe August 25, 2021 ELEMENT, the Berlin-based insurtech, announced a partnership with managing general agent, Parametrix Insurance, launching parametric cloud outage insurance for companies...
China’s Cities Aren’t Prepared for Extreme Weather Caused by Climate Change August 25, 2021 By Bloomberg News Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the...
EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach August 25, 2021 Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the...
South Africa’s State Insurer to Raise Premiums to Cover Riot-Related Reinsurance Costs August 25, 2021 JOHANNESBURG – South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs...
Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First August 25, 2021 By James Harrison COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum August 24, 2021 Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes...
People Moves: Coomer Joins Swiss Re’s iptiQ as CTOO; COGITANDA Hires Gerety from Liberty Specialty as Chief Ins. Officer; Ki Names Hodgson 1st CTO August 24, 2021 This edition of International People Moves details technology appointments at Swiss Re’s iptiQ and the digital Lloyd’s syndicate Ki as...
Cyber Attacks Make Working From Home Costly for German Businesses: Report August 24, 2021 By Carolynn Look Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber...