8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker June 21, 2021 Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that...
Owners of Ship that Blocked Suez Make New Compensation Offer with Canal Authority June 21, 2021 ISMAILIA, Egypt – The owners of a container ship that blocked the Suez Canal in March have made a new...
Ship Carrying Chemicals Sinks Near Sri Lanka Capital, Prompting Pollution Fears June 18, 2021 By Bharatha Mallawarachi COLOMBO, Sri Lanka – A container ship carrying chemicals sank off Sri Lanka’s capital on Thursday nearly a month after...
People Moves: Carpenter’s Schwebach to Aon’s Reinsurance Solutions; Mellor to Credit and Political Risks Team at Miller June 18, 2021 This wrap-up of international People Moves details two recent appointments at Aon’s Reinsurance Solutions and insurance broker Miller, in Minneapolis...
Aon-WTW Merger Would Help Boost Industry’s Innovation. Aon CEO Makes the Case. June 18, 2021 By L.S. Howard The enhanced ability to innovate is a principal motivator for Aon’s proposed acquisition of Aon and Willis Towers Watson. It’s...
Banning Spectators Is ‘Least Risky’ Option for Tokyo 2020 Games: Medical Experts June 18, 2021 By Sakura Murakami, Rocky Swift and Linda Sieg TOKYO – Japanese medical experts said on Friday that banning spectators at the Olympics was the least risky option for...
UK Struggles to Adapt to Impact of Climate Change June 18, 2021 By Jessica Shankleman The UK is struggling to put in place adequate measures to deal with rising sea levels and warmer temperatures caused...
Paris-Based Insurtech Akur8 Raises $30 Million for International Expansion June 18, 2021 Akur8, the Paris-based insurtech firm that automates insurance pricing, has closed a Series B funding round of $30 million, bringing...
French Chef Seeks $1.9M from Allianz for Biz Income Losses During COVID Lockdowns June 17, 2021 By Alexandre Rajbhandari A French Michelin three-star chef is asking Allianz SE for 1.6 million euros ($1.9 million) in insurance claims for losses...
Goldman Sachs-Backed Broker Aston Lark Buys Premier Insurance Consultants June 17, 2021 Premier Insurance Consultants Ltd. is the latest brokerage to be snapped up by Aston Lark, the insurance broking consolidator backed...