Peak Re to Buy Remaining 50% Stake in Caribbean Insurance Group NAGICO July 28, 2021 Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it has reached a definitive agreement to acquire the remaining...
Claims Adjuster Global Risk Solutions Appoints 4 to Complex Claims Unit in London July 28, 2021 Global Risk Solutions Group Inc., the Miami-based P/C claims adjuster, has enhanced its Complex Claims Solutions (CCS) business unit with...
NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership July 28, 2021 NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation...
World Faces Shortage of Sailors for Commercial Ships, Risking Supply Chains: Report July 28, 2021 By Jonathan Saul There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh July 28, 2021 Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far...
London Court of Appeal Agrees to Reopen $7B Brazil Dam-Collapse Lawsuit Against BHP July 28, 2021 By Kirstin Ridley London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants...
People Moves: Covéa Insurance Names Furness CEO; BHSI Hires Chubb’s Alder-Smurthwaite; Pritchard Promoted at Swiss Re Corporate Solutions July 27, 2021 This edition of International People Moves covers appointments at three insurers: Covéa Insurance, Berkshire Hathaway Specialty Insurance and Swiss Re...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped July 27, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain...
Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy July 27, 2021 The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe. Ardonagh...