Two Oil Tankers on Fire in Waters Near Singapore, Crew Members Rescued July 19, 2024 By Jeslyn Lerh, Florence Tan and Jonathan Saul Two large oil tankers were on fire on Friday after colliding near Singapore, the world’s biggest refueling port, with two...
People Moves: Liberty Mutual Re Taps Aon’s De La Mare to Lead New Australia/New Zealand Unit; H.W. Kaufman London Names AIG’s Greensmith to Lead Int’l Portfolio July 18, 2024 This edition of International People Moves details appointments at Liberty Mutual Re and H.W. Kaufman Group London. A summary of...
More Reforms Needed to Tackle Shadow Banking’s ‘Hidden Leverage’: BoE Regulator July 18, 2024 The booming non-bank financial industry has created excessive leverage that poses financial stability risks, and more reforms are needed to...
Insured Losses for Floods in Southern Germany Estimated at €1.6B: PERILS July 18, 2024 The recent floods in southern Germany will cost insurers an estimated €1.568 billion (US$1.7 billion), according to PERILS, the independent...
Hard Market Conditions Expected to Ease in 2025 as Claims Inflation Softens: Swiss Re July 18, 2024 By L.S. Howard Hard market conditions in the global non-life insurance sector will continue this year, but will begin to ease in 2025,...
UK Lays Out Stronger Cybersecurity Defenses After Attack Crippled NHS Hospitals July 18, 2024 By Mark Bergen The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London...
Islamic Insurance Helps Cover Muslim Farmers Battling Climate Change July 18, 2024 By Betsy Joles On his four and a half acres of land in central Pakistan, Izhar ul-Haq approaches farming as a science. He...
World Bank Eyes First ‘Drought’ Bond in Next 12-18 Months July 18, 2024 By Karin Strohecker and Marc Jones The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of...
People Moves: DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director; WTW Appoints 3 Senior Hires to International Casualty Team July 17, 2024 This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary...
Russian Tactics Make Secret Tanker Oil Switching Harder to Trace July 17, 2024 By Julian Lee Two near-identical oil tankers trying to beat western sanctions. A secret transfer of Russian crude halfway between Iran and Oman....