People Moves: Sompo Taps AXA XL’s Murley as Head of UK Distribution, Insurance; Howden’s Aviation Announces 4 Senior Hires June 25, 2024 This edition of International People Moves details appointments at Sompo International and Howden Broking. A summary of these new hires...
Zurich Insurance Adding 600 People in India Following Kotak Deal June 25, 2024 By Preeti Singh Zurich Insurance Group AG plans to increase headcount in India by 40% over the next three years, adding 600 people...
Markets/Coverages: Relm Insurance Releases Difference in Conditions Solution for D&O June 25, 2024 Relm Insurance, the Bermuda-based specialty insurance carrier, announced the release of its Side A Difference in Conditions (DIC) solution. Relm’s...
Protecting 1.2% of Earth Would Prevent Most Extinctions, Study Says June 25, 2024 By Jake Spring Setting aside an additional 1.2% of the world’s land as nature preserves would prevent the majority of predicted plant and...
Chinese Hackers Step Up Attacks on Taiwanese Organizations, Cybersecurity Firm Says June 25, 2024 By Zen Soo A suspected Chinese state-sponsored hacking group has stepped up its targeting of Taiwanese organizations, particularly those in sectors such as...
Deadly Explosion in Korea Revives Concerns Over Battery Safety June 25, 2024 By Heesu Lee and Heejin Kim A deadly factory blaze has revived concerns over battery safety in South Korea, a key global supplier of lithium-ion cells...
EU Adds 27 Russian Vessels to List of Entities Under Sanctions June 25, 2024 By Julia Payne The European Union will add 27 vessels, including oil and liquefied natural gas tankers, to its list of entities under...
R&Q Files for Liquidation in Bermuda, Agrees to Sell Legacy Unit Inceptum June 24, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. confirmed it filed on June 21 an application with the Bermuda Supreme Court to appoint provisional...
Blaze at South Korea Lithium Battery Plant Kills 22 Workers June 24, 2024 By Daewoung Kim, Hongji Kim and Hyunsu Yim A lithium battery factory in South Korea was set on fire after multiple batteries exploded on Monday, killing 22 workers,...
Markets/Coverages: Howden Launches 1st Carbon Credits Warranty & Indemnity Insurance Policy June 24, 2024 Howden, the London-based insurance intermediary group, announced the placement of the first carbon credits warranty and indemnity (W&I) insurance policy....