People Moves: Hiscox’s Barriol to Liberty Specialty; Howden MGA DUAL Offers Forestry, Hiring White Oak’s Steward June 14, 2021 This wrap-up of international People Moves details recent appointments at Liberty Specialty Markets and underwriting agency DUAL, which is part...
Sri Lanka Seeks Interim Claim of $40M from Operator of Wrecked Cargo Ship June 14, 2021 By Bharatha Mallawarachi COLOMBO, Sri Lanka – Sri Lanka is seeking an interim claim of $40 million from the operator of a fire-ravaged...
Intact Financial, Tryg Agree to Sell Danish Unit to Alm. Brand for Total of US$2.52 Billion June 14, 2021 By L.S. Howard Intact Financial Corp. and Tryg A/S have entered into an agreement to sell Codan Forsikring A/S’s Danish business to Alm....
Insurance Broker Aston Lark Ireland Buys McMahon Galvin Ltd. in Dublin June 14, 2021 Aston Lark Ireland, the Dublin-based insurance broker, continues its growth acceleration by announcing the acquisition of McMahon Galvin Ltd. Financial...
UBS, DWS Move to Submit Final Bids for NN Group’s Asset Management Arm: Sources June 14, 2021 By Pamela Barbaglia and Tom Sims UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group...
Insurance Council of Australia Declares Flood Catastrophe for Regions of Victoria June 14, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for regions of Victoria affected by significant storms and flooding...
Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief June 14, 2021 By Kitty Donaldson Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing...
People Moves: Peak Capital’s Manning to Miller; Carpenter’s Jones to Lockton Re, and Aon’s Mula to McGill and Partners June 11, 2021 This wrap-up of international People Moves details recent appointments at three brokers: Miller, Lockton Re and McGill and Partners. A...
We Can Work It Out: Negotiations Likely on COVID-19 Reinsurance Losses June 11, 2021 By Susanne Sclafane Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
May’s Global Disasters Include Hailstorms, Floods, Cyclones, Quakes, Volcanic Eruption June 11, 2021 U.S. insurers face a multi-billion-dollar payout from May’s convective storms, which spawned extensive hail, tornado, wind and flood damage across...