People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada March 7, 2022 This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these...
Japan’s Top Court Orders Damages of $12M for Fukushima Victims in Landmark Decision March 7, 2022 Japan’s Supreme Court upheld an order for utility Tokyo Electric Power (Tepco) to pay damages of 1.4 billion yen ($12...
Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk March 7, 2022 Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M March 7, 2022 Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising March 4, 2022 Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and...
China Instructs State Insurers to Review Exposure to Russia, Ukraine March 4, 2022 By Ye Xie and Selena Li China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies March 4, 2022 By Lawrence White and Carolyn Cohn Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities...
Ukrainian Cyber Group to Target Russian Power Grid, Railways March 4, 2022 By James Pearson, Christopher Bing and Joel Schectman A Ukrainian cyber guerrilla warfare group plans to launch digital sabotage attacks against critical Russian infrastructure such as railways and...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board March 4, 2022 Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa...
ANALYSIS-Who Pays? UN Climate Report Reignites Global Fight for Compensation March 4, 2022 By Kate Abnett With this week’s U.N. climate science report laying bare the staggering economic costs and losses already faced from climate change,...