AM Best Assigns ‘B++’ (Good) Credit Rating to Bermuda-Based ASR Re Ltd. August 20, 2021 AM Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of “bbb+” (Good)...
Climate Activists Plan 2 Weeks of Protest in City of London August 20, 2021 By Michael Holden Environmental activists who caused days of traffic chaos in London two years ago said on Wednesday [Aug. 18] they would...
Mosaic and DXC Technology Launch Technology Platform for Specialty Insurance August 20, 2021 Mosaic Insurance and DXC Technology announced the launch of an insurance technology platform that increases the speed at which specialty...
Russia’s Nord Stream Pipeline 99% Complete, but Insurance Needed Before Gas Flows August 20, 2021 By Dina Khrennikova, Olga Tanas and Elena Mazneva A controversial Russian pipeline to Europe can deliver its first batches of natural gas to Germany this year, according to...
Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms August 20, 2021 By Iain Withers and Huw Jones More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart...
Mining Giants Face Reckoning About Sexual Harassment as BHP Fires 48 Workers August 20, 2021 By James Thornhill Women still face a threat to their safety at remote mine sites across the globe. It’s a challenge the industry...
Hackers Steal More Than $94M from Japanese Cryptocurrency Exchange August 19, 2021 By Tom Wilson Japanese cryptocurrency exchange Liquid said on Thursday it was hit by hackers in a theft estimated at more than $94...
Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s August 19, 2021 The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits...
Goldman Sachs to Buy Asset Management Arm of Insurer NN Group for Nearly $2B August 19, 2021 By Toby Sterling AMSTERDAM – Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management arm for around 1.7...
Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake August 19, 2021 CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the...