Markets/Coverages: Lloyd’s Announces 1st 144A Cat Bond on Its London Bridge Platform January 8, 2024 Lloyd’s, the re/insurance marketplace, announced that the first 144A catastrophe bond has been issued on its risk transformation platform London...
Russia Oil Tankers Are Doing Strange Things Since Ramp Up of US Sanctions January 8, 2024 By Sherry Su and Julian Lee There are growing signs that Russia’s oil flows might be facing disruption in the aftermath of a ramp up in...
Gallagher Acquires German Specialty Broker Köberich Financial Lines January 8, 2024 Gallagher announced it has acquired Köberich Financial Lines. Terms of the transaction were not disclosed. Köberich specializes in D&O insurance,...
Hong Kong Employees Demand 6% Raise to Work in Office Full Time January 8, 2024 By Shawna Kwan Hong Kong workers say they would need a 6% raise to give up hybrid work arrangements, a dilemma that’s expected...
Inigo Issues 3rd Catastrophe Bond for $100 Million January 5, 2024 Inigo Ltd. announced it has issued its third catastrophe bond for $100 million via Montoya Re Ltd. The cat bond...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London January 5, 2024 Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer...
Markets/Coverages: Rokstone Agrees Binder With Munich Re Syndicate for International Property Portfolio January 5, 2024 Rokstone, the London-based speciality re/insurance managing general agent, part of Aventum Group, announced a binder agreement with Munich Re Syndicate...
AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B January 5, 2024 By L.S. Howard The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is...
Japan Earthquake Casts Cloud Over Push to Restart Nuclear Plants January 5, 2024 The powerful earthquake that hit Japan’s western coast on New Year’s Day has underscored the country’s exposure to natural disasters,...
Japan Airline’s Runway Collision Marks Test of How New Carbon Jets Cope in Disaster January 5, 2024 By Valerie Insinna and Joanna Plucinska Tuesday’s runway collision in Japan marks the first time a modern lightweight airliner has burnt down and is being seen...