South Africa Develops Public-Private Scheme to Provide Drought Insurance for Farmers July 14, 2021 By Emma Rumney JOHANNESBURG – Happy Letsitsa hasn’t paid off the money he borrowed to survive a 2019 drought that ravaged his maize...
Mega IPO Planned for India’s Biggest Insurer July 14, 2021 By Vrishti Beniwal and Suvashree Ghosh India approved the sale of shares in state-run insurer Life Insurance Corp. of India, a key step in moving ahead...
People Moves: AXA XL Hires AXIS’ Watson as Snr U/W; Hartford’s Pallett to Tegron; Chubb’s Bagaric to BHSI; MGA Spring Hires AXA XL’s Stanford July 13, 2021 These international People Moves detail appointments at AXA XL, Tegron Specialty (the new D&O underwriter), Berkshire Hathaway Specialty Insurance, and...
Remote Working Causes Cyber Attacks to Skyrocket, Says Financial Stability Board July 13, 2021 By Huw Jones Financial firms may need to bolster their defenses in the face of rocketing cyber attacks after employees began working from...
Broker Ardonagh Opens Data and Risk Management Center in Ireland, Bringing 60 Jobs July 13, 2021 The Ardonagh Group, a top 20 global insurance broker and the UK’s largest independent insurance broker, announced it will open...
Swiss Markets Watchdog FINMA Names Angehrn from Zurich Insurance as Next CEO July 13, 2021 By John Miller ZURICH – Switzerland’s markets watchdog FINMA on Tuesday named Zurich Insurance chief investment officer Urban Angehrn as its new boss,...
Ever Given Container Ship Resumes Trip to Rotterdam After 112 Days in Egypt’s Waters July 13, 2021 The Ever Given container ship that had blocked the Suez Canal in March left Egyptian waters at 4 a.m. local...
Rising COVID Outbreaks on Ships Endanger Maritime Workers, Risk Trade Disruptions July 13, 2021 By K. Oanh Ha, Ann Koh and Claire Jiao Global vaccinations of seafarers are going too slowly to prevent outbreaks on ships from causing more trade disruptions, endangering maritime...
Canadian Municipalities Face Surging Liability Insurance Costs July 13, 2021 By Nichola Saminather TORONTO – Canadian municipalities reeling from a pandemic-driven hit to revenues are facing an added blow from surging liability insurance...
Canada Orders Rail Transport Restrictions in Areas with High Wildfire Risk July 12, 2021 By Steve Scherer OTTAWA – Canada on Sunday ordered rail transport restrictions for areas where there is a high wildfire risk after a...