Europe, U.S. and Canada Slammed by Record Weather Catastrophes in June: Aon July 12, 2021 June 2021 left Europe with its costliest severe storm period on record. Meanwhile, over in the U.S. in Canada, record-setting...
Daily Mail in Negotiations to Sell Catastrophe Modeling Subsidiary RMS July 12, 2021 By L.S. Howard Daily Mail and General Trust Plc (DMGT) said it is in discussions to sell its catastrophe modeling insurance unit, RMS,...
Eight Leading Insurers and Reinsurers Launch Net-Zero Climate Alliance July 12, 2021 Eight of the world’s leading insurance and reinsurance companies on Sunday launched an alliance to help speed up a transition...
People Moves: LoPiccolo Takes on Client Engagement at AXIS Re; WTW’s Layton Joins Lockton Re; Futers Returns to RMS in UK July 9, 2021 In today’s International People Moves, appointments are detailed from AXIS Re, Lockton Re and catastrophe modeling company RMS. A summary...
Consilium Unveils Delegated Underwriting Authority Services for Re/Insurance Market July 9, 2021 Consilium, the London-based insurance and reinsurance broker, part of the Aventum Group, has unveiled “Exponential,” a new global delegated underwriting...
Guy Carpenter Launches Suite of Climate Advisory and Modeling Services July 9, 2021 Guy Carpenter & Co., the reinsurance business of Marsh McLennan, announced the launch of a suite of climate advisory and...
EU Approves Aon-Willis Towers Watson Merger, but Other Roadblocks Remain July 9, 2021 By L.S. Howard The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed...
Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses July 9, 2021 By Alastair Marsh Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro...
Lloyds Bank Fined $125M for Inaccurate Communications over Home Insurance Renewals July 9, 2021 By Silla Brush Lloyds Banking Group Plc’s insurance unit was fined 90.7 million pounds ($125 million) by the UK Financial Conduct Authority for...
VW to Appeal Italy Court Decision Ordering $236M Payment in Dieselgate Class Action July 8, 2021 Volkswagen said on Thursday it would appeal against a decision by an Italian court ordering the German group to refund...