Zurich Insurance Reports Strong Surge in Earnings as COVID-19 Impact Eases August 12, 2021 Zurich Insurance Group’s on Thursday joined other big European insurers in reporting a strong rebound in earnings as the impact...
German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies August 12, 2021 Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential...
Blistering Heat in Sicily May Have Just Smashed European Record August 12, 2021 By Megan Durisin The Italian island of Sicily may have just smashed continental Europe’s heat record, the latest example of how climate change...
Worst Algerian Wildfires in Decades Kill at Least 65 People August 12, 2021 The worst wildfires in decades have killed at least 65 people in Algeria’s forested mountains, making it the latest Mediterranean...
Hackers Return $260M to Cryptocurrency Platform After Theft of $613M in Digital Coins August 12, 2021 By Tom Wilson, Tom Westbrook and Alun John LONDON/SINGAPORE/HONG KONG – Hackers behind one of the biggest ever cryptocurrency heists have returned more than a third of $613...
Aviva to Return at Least $5.6 Billion to Investors Following Non-Core Asset Sales August 12, 2021 By Benjamin Robertson Aviva Plc plans to return at least 4 billion pounds ($5.6 billion) to investors using proceeds from the recent sale...
Arthur J. Gallagher & Co. Acquires Majority Stake in Turkish Specialty Broker August 12, 2021 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a majority stake in Turkish specialty...
China’s Extreme Weather Provides Wake-Up Call for Under-Insured Local Authorities August 12, 2021 BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local...
New MGA Hoxton Insurance Services Offers Mid/High Net Worth Personal Lines Cover August 11, 2021 Hoxton Insurance Services, a new managing general agent (MGA) that trades exclusively through brokers, has been launched by MGA specialist,...
People Moves: Gallagher Names Hughes as Aerospace Consultant; Tokio Marine HCC Hires Faubert for Credit & Political Risk; Enstar’s CFO to Step Down August 11, 2021 This edition of International People Moves covers appointments for broker Gallagher in London, for insurer Tokio Marine HCC – Credit...