UK Insurance Broker Ardonagh Weighs Refinancing $3.9 Billion Debt Pile December 7, 2023 By Silas Brown The Ardonagh Group is considering refinancing its entire debt stack to help finance more acquisitions, in a deal that would...
Rising War Risks Prompt Insurers to Reassess Property Cover in Geopolitical Hot Spots December 7, 2023 By Carolyn Cohn and Noor Zainab Hussain Insurers grappling with the rising risk of physical attacks on businesses due to war or civil disorder are reconsidering the...
Hailstorm Claims Risk Undermining Solar Energy, Insurer Says December 6, 2023 By Tope Alake Solar farms around the world are under threat due to costly hailstorm-related claims, according to renewable energy underwriter GCube Insurance....
Humanity on Verge of 5 Climate Tipping Points, Report Warns December 6, 2023 By Olivia Rudgard Five major global “tipping points” are in danger of being crossed at current levels of warming, a new study warns,...
Here Are Details of Trafigura’s Suit Against Businessman Gupta in Alleged Nickel Fraud December 6, 2023 Indian businessman Prateek Gupta asked a London judge on Tuesday to lift an order freezing his personal and business assets,...
Trafigura Staff Tried to Hide Nickel ‘Red Flags,’ Gupta Says in Court Document December 6, 2023 By Jack Farchy, Jonathan Browning and Archie Hunter Staff at Trafigura Group worked with alleged fraudster Prateek Gupta to ensure that their dealings would not raise the suspicion...
Insurers Heavily Exposed to Impact of Climate Change: Global Watchdog December 6, 2023 Insurers are heavily exposed to the impact of climate change and also face risk from their alternative investments in reinsurance,...
Attacks on Red Sea Shipping Menace 12% of Global Trade as War Risk Premiums Rise December 6, 2023 By Alex Longley and Áine Quinn Fresh attacks on vessels in the Red Sea are raising insurance premiums for ships in the region and menacing commerce...
People Moves: Aon Promotes Clarke as Head of Renewables, Global Broking Centre & UK; Markel Hires AIG’s Meek to Lead Cyber Portfolio in Middle East, North Africa December 5, 2023 This edition of International People Moves details appointments at Aon and Markel. A summary of these new hires follows here....
Clear Group Buys General Insurance Book of PW White & Partners in UK December 5, 2023 The Clear Group, the London-based independent broker, announced it has acquired the entire general insurance book of regional broker P...