Hurricane Beryl Triggers Record Payout for Caribbean Insurer July 11, 2024 By Jim Wyss Hurricane Beryl’s path of destruction through the Caribbean last week triggered a record $44 million payout to the nation of...
UK’s Direct Line to List on Price Comparison Websites in Strategy Shift July 10, 2024 By Yadarisa Shabong Direct Line will launch its eponymous motor insurance brand on price comparison websites for the first time, it said on...
PwC Starts Mass China Layoffs After Losing Dozens of Clients July 10, 2024 By Bloomberg News PricewaterhouseCoopers LLP is cutting staff across its China operations, according to people familiar with the matter, after an exodus of...
Caribbean Braces for Economic Punch After Season’s Deadly 1st Hurricane July 10, 2024 By Sarah Morland Leaders across the Caribbean were still tallying the financial toll wrought by the earliest Atlantic storm on record to intensify...
UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure July 10, 2024 By Shona Ghosh and Michael Hennessey Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his...
Canada Insurers Investing in Fossil Fuels as Climate Risks Grow: Shareholder Group July 10, 2024 Canada’s top property and casualty insurers have invested more than C$19.5 billion ($14.30 billion) in fossil fuels production at a...
Greece Evacuates Hospital as Wildfire Threatens City of Patra July 9, 2024 By Sotiris Nikas Greek authorities evacuated a hospital after a wildfire broke out in Patra, the country’s third-biggest city. Firefighters, assisted by planes...
People Moves: SiriusPoint Int’l Managing Agency Names Castel’s Williams as Chief Risk Officer; Everest Promotes Townsend to Chief Ceded Reinsurance Officer July 9, 2024 This edition of International People Moves details appointments at SiriusPoint and Everest Insurance. A summary of these new hires follows...
Tech Update: WTW Offers Next Generation Investment Management Insurance Solution July 9, 2024 WTW, the advisory, broking, and solutions company, has introduced “IMI Plus,” an enhanced investment management insurance solution designed to meet...
Russian Court Orders Volkswagen to Pay $193M in Damages to Russian Carmaker July 9, 2024 A Russian court has ordered Volkswagen to pay 16.9 billion roubles ($193 million) in damages to Russian carmaker GAZ Group,...