Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk November 15, 2023 Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5...
UK Will Fail to Meet Flood-Defense Goals for Homes as Climate Threat Grows November 15, 2023 By Jessica Shankleman Hundreds of thousands of British homes will miss out on flood protections in the next few years as spending has...
People Moves: SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l; Pro MGA Global Solutions Names Martin Døhlen as MD of European Platform November 15, 2023 This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions. A summary of the new...
Markets/Coverages: Chubb Launches New Media Insurance Product for UK November 15, 2023 Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb...
Yemen’s Houthis Leader Says Group Will Target Israeli Ships in Red Sea November 15, 2023 By Mohammed Alghobari Yemen’s Houthi leader said on Tuesday his forces would make further attacks on Israel and they could target Israeli ships...
Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s November 15, 2023 By Áine Quinn, Volodymyr Verbianyi and Max Reyes Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels...
People Moves: Canopius Names Newman UK CEO; Gibson Named Sedgwick’s UK CEO November 14, 2023 This edition of International People Moves details appointments at Canopius Group and Sedgwick. A summary of these new hires follows...
Update – Economic Threats Top List of G20 Business Leaders’ Concerns: WEF Survey November 14, 2023 Economic and societal threats – such as an economic downturn, inflation, and an erosion of social cohesion – rank among...
Clear Group Buys UK’s Peter Hoare & Co. (Insurance Brokers) Ltd. November 14, 2023 The Clear Group, the London-based independent broker, has acquired Peter Hoare & Co. (Insurance Brokers) Ltd., based in Sheffield, England....
Arthur J. Gallagher & Co. Acquires Australia’s Edgar Insurance Brokers November 14, 2023 Arthur J. Gallagher & Co. announced the acquisition of Cobram, Victoria-based Edgar Insurance Brokers. Terms of the transaction were not...