Treaty Reinsurance Premiums in London Company Market Grew by 32% in 2023: IUA September 11, 2024 Treaty reinsurance written in the London company market grew by almost one-third in 2023, with the sector generating premiums of...
Built-Up Cities Get More Rain Than Rural Outskirts, Study Finds September 11, 2024 By Matthew Griffin Cities often get more rain and experience extreme rainfall more often compared to surrounding areas, a new study finds, a...
Factories in Vietnam’s Export Hubs May Face Weeks of Disruption After Typhoon Yagi September 11, 2024 By Francesco Guarascio, Phuong Nguyen and Khanh Vu Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam’s export-oriented industrial hubs, with some shuttered...
DBS Group Considers Forming Insurance Partnerships in India, Taiwan: Sources September 11, 2024 By Manuel Baigorri and Elffie Chew DBS Group Holdings Ltd. is considering forming insurance partnerships in India and Taiwan to expand its services in the region,...
Finland’s Sampo Secures Deal for Danish Insurer Topdanmark September 11, 2024 By Leo Laikola Finland’s Sampo Oyj succeeded in pushing through an offer for Topdanmark A/S in its second attempt to gain control of...
New Portuguese Government to Keep Ban on Chinese 5G Equipment September 10, 2024 By Sergio Goncalves Portugal’s center-right government will keep the previous administration’s ban on telecoms firms using Chinese equipment in their 5G networks, a...
VW Scraps Three-Decades-Old German Jobs Pledge to Cut Costs September 10, 2024 By Monica Raymunt Volkswagen AG is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a...
EU’s Vestager Triumphs in Crackdown on Apple’s Tax Deal, Google’s Practices September 10, 2024 By Foo Yun Chee EU antitrust chief Margrethe Vestager scored two major wins on Tuesday as Europe’s top court backed her crackdown against Apple’s...
People Moves: Melvin Names CEO of BMS Re US; Rawal Joins AXA XL as CUO Middle Market, Canada; QBE Canada Hires Fenn as Multinational Underwriting Manager September 10, 2024 Melvin Appointed President and CEO, BMS Re, US BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered...
Viewpoint: CrowdStrike Failure Highlights Potential Aggregation Risks for Reinsurers September 10, 2024 By Christopher Graham The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance...