London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses September 6, 2024 By Sam Tobin The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses,...
Fitch Ratings Shifts Global Re Outlook to Neutral; Pricing Past Peak September 6, 2024 By Susanne Sclafane Fitch Ratings announced that it shifted its outlook on the global reinsurance sector to neutral yesterday but the downward shift...
Germany Cracks Down on China Green Fraud in Deepening Scandal September 6, 2024 By Natasha White and Akshat Rathi German authorities have rejected €18 million ($20 million) worth of carbon credits after finding “irregularities” in China-based projects that were...
Ex-CFO Says Royal Bank of Canada Manufactured Workplace-Romance Case September 6, 2024 By Christine Dobby Royal Bank of Canada’s former chief financial officer, fired over allegations she had an undisclosed personal relationship with another executive,...
Hard Market ‘Supercycle’ Likely to Be Prolonged: Lloyd’s CEO Neal September 6, 2024 By L.S. Howard Now that the market has achieved a first-half profit of £4.9 billion with a combined ratio of 83.7—its best interim...
Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
BMW Recalling Mini Cooper SE Electric Models September 6, 2024 German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
Clearview AI Fined by Dutch Agency for Facial Recognition Database September 5, 2024 By Charlotte Van Campenhout U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection...
People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany September 5, 2024 This edition of International People Moves details appointments at Brit Ltd. in Bermuda and HDI Global in Germany. A summary...