Shadow-Fleet Oil Tanker That Crashed Had Void Western Insurance April 29, 2024 A shadow-fleet oil tanker that crashed in Denmark’s vital straits produced a set of insurance documents that weren’t valid, a...
Markets/Coverages: Marsh Expands Cyber Facility ECHO, Offering Up to $125M of Excess Insurance Capacity April 29, 2024 Marsh, the insurance brokerage business of Marsh McLennan, announced an additional $25 million layer of capacity to its existing $100...
RBNZ Says Insurance May Become Unaffordable for High-Risk Homes April 29, 2024 By Tracy Withers New Zealanders who own properties in areas prone to flooding or earthquakes may find they can’t afford insurance or may...
Here’s Why Experts Don’t Think Cloud Seeding Caused Dubai Flooding April 26, 2024 By Seth Borenstein and Brittany Peterson With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched...
EU Should Revisit Bank and Insurer Capital Rules: French President Macron April 26, 2024 French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and...
Thames Water Debt Insurer Taps Advisers as Crisis Deepens April 26, 2024 By Jessica Shankleman, Giulia Morpurgo and Lucca de Paoli A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with...
Russia Reinsurer Backs Domestic Carriers to Get Indian Marine Insurance Permits April 26, 2024 By Nidhi Verma Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide...
Global Basel Committee Bolsters Rules for Supervising Banks, Non-Bank Sector April 26, 2024 By Huw Jones The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate...
Aon Completes $13B Acquisition of Middle-Market Broker NFP April 26, 2024 Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase...
Global Insurers’ Climate Alliance Relaunches After Member Exodus April 25, 2024 By Simon Jessop A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and...