Extreme Weather Sends Insured Losses 70% Above Historical Norms July 31, 2024 By Stephan Kahl Natural catastrophes caused about $62 billion of insured losses in the first half of 2024 — roughly 70% above the...
French Farmers Facing ‘Catastrophic’ Harvest Seek State Help July 31, 2024 By Nayla Razzouk French farmers are calling on the government to provide financial aid as there’s a high risk that this year’s wheat...
AXA IM Prime Buys 20% Stake in French Private Credit Firm Rivage July 30, 2024 By Swetha Gopinath A unit of AXA Investment Managers has agreed to acquire a minority stake in Rivage Investment, a specialist private credit...
HDI Global Receives License to Open Office in Dubai July 30, 2024 HDI Global SE has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai....
South Africa Races to Contain Oil Spill From Wrecked Cargo Ship July 30, 2024 South Africa dispatched crews to contain an oil spill from a cargo vessel that ran aground earlier this month because...
Typhoon Remnants Bring Rains, Floods That Kill Four in China July 30, 2024 Record rainfall and widespread flooding killed four people in China’s southern province of Hunan, with roads in rural areas damaged...
Reinsurer SCOR’s Recovery Clouded by First Quarterly Loss Since 2022 July 30, 2024 By Alexandre Rajbhandari SCOR SE Chief Executive Officer Thierry Leger said he’s taking over control of the company’s life and health unit after...
Companies ‘Paralyzed’ as Australia Plans Tough Climate Rules July 30, 2024 By Ishika Mookerjee Australia’s plans to introduce stringent rules on climate disclosures are driving up concerns among businesses about compliance in one of...
Private Equity Firm Centerbridge Weighs Exit Options for £3 Billion Canopius at Lloyd’s July 29, 2024 By Swetha Gopinath and Dinesh Nair A consortium led by private equity firm Centerbridge Partners is exploring exit options including an initial public offering of Canopius...
Brown & Brown Agrees to Buy Dutch Insurance Broker, Quintes Holding B.V. July 29, 2024 Brown & Brown Inc. announced it has entered into an agreement to acquire Quintes Holding B.V., a Netherlands-based insurance group....