Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions July 23, 2024 By Alex Longley Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if...
MGU Carbon Underwriting Gets Initial Lloyd’s Approval to Launch New Syndicate July 23, 2024 Carbon Underwriting Ltd., the London-based managing general underwriter and Lloyd’s syndicate CBN 4747, announced that Lloyd’s has granted in principle...
UK Water Companies Lambasted by Environment Agency for Sewage Releases July 23, 2024 By Sarah Young Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority...
World Records Hottest Day While Wildfires Threaten Mediterranean July 23, 2024 By Eamon Akil Farhat and Paul Tugwell The world recorded its hottest ever day, as many parts of the Mediterranean face extreme wildfire risks. Sunday witnessed the...
British Insurers Propose Green Infrastructure Funding Model July 23, 2024 By Huw Jones Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers...
US Severe Storms Continue to Drive Global Natural Disaster Losses: Gallagher Re July 22, 2024 By L.S. Howard US severe convective storms (SCS) continued to drive global natural catastrophe losses during the first half of 2024. Of the...
People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles July 22, 2024 This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of...
Somali Piracy Revives Sharply After Years of Quiet July 22, 2024 By Eleanor Thornber Somali piracy — the scourge of merchant shipping more than a decade ago — has had a resurgence this year,...
Without Backup Plans, Global IT Outages Will Happen Again July 22, 2024 By James Pearson Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and...
Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait July 22, 2024 By Serene Cheong A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca,...