Copper Producer Aurubis Says Metal Scam Cost It €185 Million September 22, 2023 By Thomas Biesheuvel Europe’s top copper producer Aurubis AG said a massive scam involving shipments of scrap metal cost it €185 million. Aurubis...
RHB Bank Weighs Bancassurance Options as Tokio Marine Pact Ends Soon: Sources September 22, 2023 By Elffie Chew Malaysia’s RHB Bank Bhd. is asking financial advisers for proposals for its partnership to sell insurance in its branches, as...
From Disorderly to Orderly Reinsurance Renewals – What a Difference a Year Makes September 21, 2023 By L.S. Howard One of the themes at this year’s reinsurance Rendez-Vous de Septembre (RVS) was that reinsurers have rediscovered client need, client...
Maritime Industry Eyes Nuclear Power for Ships as Tech Advances; Insurers Are Wary September 21, 2023 By Jonathan Saul The maritime industry is exploring whether nuclear fuel can be used to power commercial ships as advancements in technology open...
Tech Update: Conduit Re Uses hyperexponential’s Pricing Decision Intelligence Platform September 21, 2023 Conduit Re, the Bermuda-based global reinsurer, is achieving end-to-end underwriting with pricing decision intelligence (PDI) company hyperexponential. Using the PDI...
Climate Change Made Deadly Floods in Libya and Greece More Extreme September 21, 2023 By Laura Millan The low-pressure weather system that unleashed unprecedented amounts of rain across the eastern Mediterranean last week was made more likely...
UK Firm Sold Thousands of Unverified Jet Engine Parts, CFM Says September 21, 2023 By Sam Tobin and Tim Hepher Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by...
UK Watchdog Sets 3-Month Deadline to Improve Car Insurance September 21, 2023 By Huw Jones Britain’s financial watchdog has told motor insurers they have three months to improve the value they give customers in products...
Viewpoint: A New Risk Landscape Emerges for Global Maritime Industry September 21, 2023 By Dorothea Ioannou Executive Summary: The International Group of P&I Clubs offers a unique lens into the intricate web of maritime risk that...
Lloyd’s and the UN Team Up to Provide Insurance to Climate Vulnerable Countries September 21, 2023 Lloyd’s of London is teaming up with the United Nations Capital Development Fund (UNCDF) to try and improve access to...