People Moves: AXA XL Promotes Pearman to New Role of CUO, Bermuda; Lockton Re Taps Former Aon Execs for Marine & Energy Division, Lloyd’s Capital Unit June 10, 2024 This edition of International People details appointments at AXA XL and Lockton Re. A summary of these new hires follows...
Car Maker Stellantis Extends Preventive Recall to Other Models Over Airbag Worries June 10, 2024 Car maker Stellantis has preventively extended a recall of vehicles with potentially faulty airbags to more Citroen and DS models,...
Marsh McLennan’s Carpenter Launches Capital & Advisory Group, Led by Schnieders June 10, 2024 Guy Carpenter, the reinsurance business unit of Marsh McLennan, announced the formation of the Capital & Advisory group as part...
US Military Confirms Houthi Missile Strikes on Two Ships in Gulf of Aden June 10, 2024 By Lisa Baertlein Yemen’s Houthi damaged two commercial vessels in missile attacks in the Gulf of Aden in the last 24 hours as...
Russian Oil Tanker Does Secret Cargo Switch Near Singapore to Dodge US Sanctions June 10, 2024 By Julian Lee The first Russian oil tanker attempting to deliver crude while under US sanctions made a secret cargo transfer onto another...
Global Reinsurance Sector Outlook Revised to Positive on Robust Profits, Tighter T&Cs June 10, 2024 The market segment outlook for the global reinsurance segment has been revised to positive from stable after the sector saw...
Former Allianz Employee Pleads Guilty to Fraud Over $7-Billion Funds Collapse June 10, 2024 By Luc Cohen A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked...
Person With Bird Flu Dies in Mexico: WHO June 10, 2024 By Julie Steenhuysen and Adriana Barrera A person with prior health complications who had contracted bird flu died in Mexico in April and the source of...
Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 7, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line June 7, 2024 Nirvana, the London-based managing general agent and Lloyd’s coverholder, announced the renewal of its Media/Technology Errors & Omissions and Cyber...