Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up March 6, 2024 By Jonathan Saul and Timothy Gardner Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
Lloyd’s Hits 35% Female Leadership Target, Says it Has a ‘Way to Go’ March 5, 2024 By Kirstin Ridley Lloyd’s of London has hit a short-term target of filling 35% of leadership roles with women, although less than half...
People Moves: AXIS Taps SCOR’s Dejung as Global Cyber & Technology CUO; SiriusPoint Names 3 Key Leaders in Global Underwriting March 5, 2024 This edition of International People Moves details appointments at Bermuda-based AXIS Capital Holdings and SiriusPoint. A summary of these new...
Volkswagen Faces Pair of Lawsuits Over Claim Porsche EV Battery Sparked Ship Fire March 5, 2024 Volkswagen AG faces a pair of lawsuits in Germany over claims it was the battery in a Porsche electric vehicle...
Houthi Missile Damages MSC Container Ship in Gulf of Aden March 5, 2024 By Alex Longley and Mohammed Hatem Houthi militants attacked and damaged a Swiss-owned container vessel on Monday in the Gulf of Aden, as the Iran-backed group...
AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting March 5, 2024 AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first...
People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP March 4, 2024 This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A...
UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M March 4, 2024 Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for...
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable March 4, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Apple Hit With $2B EU Antitrust Fine in Spotify Case, Will Appeal March 4, 2024 By Foo Yun Chee Brussels fined Apple 1.84 billion euros ($2 billion) on Monday, the iPhone maker’s first ever EU antitrust penalty, for preventing...