Derisking Dilemma: How German Companies Are Tackling China Risk October 19, 2023 By Christoph Steitz and Sarah Marsh Thomas Nuernberger is preparing for tougher times. For the past seven years, the 55-year-old has run the Chinese unit of...
People Moves: Zurich Nordic Promotes Fritz to CEO; Arch Taps Cyber U/Ws From Tokio Marine and AIG; Liberty Names RSA’s Furlan as Head of Casualty, Europe October 18, 2023 This edition of International People Moves details appointments at Zurich Insurance, Arch Insurance and Liberty Specialty Markets. A summary of...
Net-Zero Investor Group Reports Financing Activities Lead to Emissions Decline October 18, 2023 By Alastair Marsh A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System...
Markets/Coverages: Digital Lloyd’s Syndicate Ki Partners With Travelers and Aspen to Expand Follow Capacity October 18, 2023 Ki, the first fully digital and algorithmically driven Lloyd’s syndicate, announced that Travelers and Aspen will offer additional follow capacity...
Ukraine’s Risky Bet on Black Sea Shipping Corridor Pays Off as Ships Stream Into Ports October 18, 2023 By Áine Quinn and Kateryna Chursina A steady stream of ships is hauling grain and metals from Ukraine a month after the first inbound vessel sailed...
Major Cyber Attack Could Cost Global Economy $3.5 Trillion: Lloyd’s October 18, 2023 A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global...
Evergreen Line Declares Force Majeure on Israel Shipment: Customer Note October 18, 2023 By Jonathan Saul Taiwanese container shipping line Evergreen has declared force majeure on a shipment to the Israeli port of Ashdod, with its...
Oka Gets ‘In Principle’ Approval to Launch Lloyd’s Syndicate-in-a-Box 1922 October 17, 2023 Asta, the leading third-party managing agent at Lloyd’s, and Oka, the Carbon Insurance Company, announced that Lloyd’s has granted “in...
NFP Acquires UK-Based Cronin Insurance Consultancy Ltd. October 17, 2023 NFP, a New York City-based property/casualty broker, announced its acquisition of The Cronin Insurance Consultancy Ltd., a commercial insurance broker...
Banks Told to Review Clients in Historic ESG Crackdown in EU October 17, 2023 By Frances Schwartzkopff Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements...