Storm Henk Causes Estimated £150 Million in UK Insured Losses: PwC January 10, 2024 By Carolyn Cohn and Simon Jessop Storm Henk, which battered Britain last week, caused around 150 million pounds ($190 million) in insured losses and damaged around...
Extreme Weather and Misinformation Top Global Risks: World Economic Forum January 10, 2024 By Victoria Waldersee Risk specialists see extreme weather and misinformation as most likely to trigger a global crisis in the next couple of...
Markets/Coverages: RSA Insurance and Brit Launch Project Cargo Consortium January 9, 2024 RSA Insurance’s UK Specialty Lines business and Brit Ltd. have announced the launch of a new Project Cargo consortium, called...
People Moves: Trueman Joins CFC as CUO After Recent Management Shakeup; Aon Promotes Kielty to UK CEO; QBE Re Taps AXIS’ DeSilva as Specialty Underwriter January 9, 2024 This edition of International People Moves details appointments at CFC, Aon and QBE Re. A summary of these new hires...
Meyenhofer to Become PartnerRe’s CEO as Bonneau Retires; Colello Named President January 9, 2024 PartnerRe Ltd. announced that effective April 1, 2024, Jacques Bonneau will retire from the company and Philippe Meyenhofer will succeed...
Update: Floods Strand Cows, Damage Crops as Wild Weather Hits Australia January 9, 2024 By Keira Wright and Amy Bainbridge Heavy rains and flooding across Australia’s southern state of Victoria has damaged crops and stranded cattle as a months-long run...
Insured Price Tag for Natural Disasters Was $95B in 2023 With Economic Cost of $250B January 9, 2024 By L.S. Howard Natural catastrophes in 2023 caused global economic losses of US$250 billion, with insurers and reinsurers paying US$95 billion of that...
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks January 9, 2024 By Georgina McCartney and Arathy Somasekhar Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted...
People Moves: Everest Re Promotes Wallace as Head of UK Branch and CUO; Swiss Re Corporate Solutions Names Rüsch as Head of DACH Region January 8, 2024 This edition of International People Moves details appointments at Everest Reinsurance and Swiss Re Corporate Solutions A summary of these...
China Broker TIAN RUIXIANG Agrees to Buy Hong Kong’s Peak Consulting Services January 8, 2024 TIAN RUIXIANG Holdings Ltd., the Beijing, China-based insurance broker, announced its subsidiary TRX HongKong Investment Ltd., has entered into a...