DARAG, a leading legacy acquirer with a focus on the European and UK market, and wefox Insurance AG, the Liechtenstein-domiciled insurance carrier of wefox Group, announced the transfer of a run-off portfolio including motor damage and third-party liability, private liability …
Polo Insurance Managers (PIM), the Guernsey based insurance manager business within the PoloWorks group, announced the launch of Clockwork Re – a newly established Category 4 Commercial General Reinsurer in Guernsey. Clockwork Re has been formed to access superior insurance …
The European Union’s new digital chief, Henna Virkkunen, suggested the repeated damage to undersea cables in the Baltic Sea couldn’t be fully accidental, as leaders from the region prepare to gather for a NATO summit devoted to the topic. “It …
Russian insurance company Ingosstrakh said on Friday [Jan. 10] that U.S. sanctions against it would increase the risk of environmental disasters. The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia’s oil and gas revenues in …
Russia has formed a new government commission to coordinate clean up of the biggest spill of oil products in the Black Sea in recent history as the Kremlin continues to assess the full scale of the catastrophe. Two tankers carrying …
Aon’s NFP Acquires Irish Human Resources Consultancy and Training Specialist NFP, the New York City-based brokerage and consulting firm and Aon subsidiary, announced its acquisition of The HR Suite, a leading human resources consultancy and training business with offices across …
This edition of International People Moves details appointments at Arch Insurance and Berkshire Hathaway Specialty Insurance. A summary of these new hires follows here. Arch Insurance (EU) dac Promotes Smith to CEO, Succeeding Scheuer Arch Insurance (EU) dac (AIEU) announced …
The magnitude of catastrophic events experienced across Canada in 2024 pushed the insured loss total for the region to C$8.5 billion (US$5.9 billion), according to Catastrophe Indices and Quantification Inc. (CatIQ), Canada’s insured loss and exposure indices provider. In addition …
Miller, the London-based specialist re/insurance broker, announced its further expansion into Asia with the launch of Miller Korea, led by David Kim as head of Korea. Miller Korea will focus on delivering global specialty expertise in the Korean market via …
An oil tanker sailing under the Panamanian flag that ran out of power in the Baltic Sea last week has been towed to safety off the German island of Ruegen, authorities said. The Eventin, carrying nearly 100,000 tons of oil, …
