New Swiss Capital Rules Set to Spur $20 Billion Bond Overhaul for Re/Insurers November 3, 2023 By Tasos Vossos Insurance companies in Switzerland are set to repay billions in mostly discounted old-style bonds over the next decade as changes...
Howden Scotland Buys Commercial Insurance Broker Neilson Laurence & Neil November 3, 2023 Howden Scotland, formerly known as Bruce Stevenson, announced the acquisition of Neilson Laurence & Neil, the Glasgow-based UK specialist commercial...
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming November 3, 2023 By Jake Spring and David Stanway Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of...
Israel’s Ship Industry Urges Government to Help With Soaring War Risk Premiums November 2, 2023 By Jonathan Saul and Ari Rabinovitch Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry...
People Moves: FM Global Names Tadmoury to Lead EMEA, APAC, Canada Operations; Rosa Promoted to CEO of MAPFRE RE, Pérez de Lema Named CEO of New Insurance Unit November 2, 2023 This edition of International People Moves details appointments at FM Global and MAPFRE and MAPFRE RE. A summary of these...
Storm Ciarán Batters UK and Europe With Punishing Winds and Heavy Rainfall November 2, 2023 By Todd Gillespie, Katharina Rosskopf and Anna Shiryaevskaya Storm Ciarán plowed through northwest Europe, tearing the roofs off some buildings, snarling transport networks and cutting power to more...
Australian Companies Face New Liability for Nature-Based Risks November 2, 2023 By Amy Bainbridge Australian companies and directors could face legal action if they fail to identify and account for nature-based risks, according to...
Mass London Lawsuit Against Apple Over iPhone Batteries Can Proceed, Tribunal Rules November 2, 2023 Apple Inc. on Wednesday lost a bid to block a mass London lawsuit worth up to $2 billion which accuses...
Hurricane Otis’ Impact on Mexico Insurance Industry Expected to Be ‘Controlled’: Fitch November 2, 2023 Fitch Ratings expects Hurricane Otis’ effects on Mexico’s insurance industry to be controlled and within its current ratings expectations, the...
Zurich Insurance to Buy 51% in India’s Kotak General for $487 Million November 2, 2023 By Saket Sundria Zurich Insurance Co. has agreed to buy a majority stake in Kotak Mahindra General Insurance Co. for 40.51 billion rupees...