Sweltering Heatwave in Germany Sparks Wildfires, Forces Speed Cut on Autobahn June 27, 2019 By William Wilkes and Brian Parkin A blistering heatwave prompted Germany to impose speed restrictions on usually limit-free stretches of its high-speed motorways Wednesday, the latest...
Moody’s, Israel’s Team8 to Offer Business Cyber Risk Benchmark for M&As, Insurance June 27, 2019 By Tova Cohen and Ari Rabinovitch Ratings agency Moody’s Corp. and Israeli cyber group Team8 launched on Thursday a joint venture to assess how vulnerable businesses...
Higginbotham Named Swiss Re’s CEO Reinsurance Asia, Replacing Plunkett June 27, 2019 Swiss Re announced that Russell Higginbotham has been appointed CEO Reinsurance Asia and regional president, effective July 8, 2019, and...
Swiss Re’s UK Unit ReAssure to Be Valued at up to $4.2B in IPO June 27, 2019 By John Revill UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on...
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis June 26, 2019 Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include...
BHSI Names QBE’s Walker as UK Head of Customer and Broker Engagement June 26, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its team in the UK with the appointment of Mark Walker...
Arthur J. Gallagher to Acquire Minority Stake in Prague-Based Broker Renomia June 26, 2019 Arthur J. Gallagher & Co. announced it has signed an agreement to purchase a minority stake in Prague-based Renomia. The...
Telecoms Have Lost Vast Data to Chinese Hackers Over 7 Years, Security Firm Says June 26, 2019 By Ari Rabinovitch and Tova Cohen Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in...
Chubb, Hiscox, Tokio, Other Lloyd’s Underwriters Form Innovation Facility to Insure Emerging Risks June 26, 2019 A group of Lloyd’s underwriters has launched a new facility with £53 million ($67.5 million) of capacity that is designed...
Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling June 26, 2019 By Jonathan Browning A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle...