Insurers Raise Premiums for Black Sea Oil Tankers as Tensions Mount: Traders August 23, 2023 Insurance companies have notified charterers of ships operating in Russia’s Black Sea ports of an increase in additional payments known...
Insured Losses From Natural Catastrophes Set to Top $100 Billion for 3rd Year in a Row August 22, 2023 By Tom Metcalf and Marion Halftermeyer Claims for weather-related incidents are set to exceed $100 billion for the third year in a row, as floods, hail...
Japan to Release Water Into Sea From Fukushima Nuclear Power Plant on Aug. 24 August 22, 2023 By Sakura Murakami and Tom Bateman Japan said on Tuesday it will start releasing into the sea more than 1 million metric tons of treated radioactive...
People Moves: AXA XL Names Hopkinson Canada Country Mgr; BHSI Promotes Leandri for Risk Control; Coalition Taps MS Amlin’s Wynne Davies as UK Special Projects Lead August 22, 2023 This edition of International People Moves details appointments at AXA XL, Berkshire Hathaway Specialty Insurance (BHSI), and the cyber insurer...
Russia’s Flagship Oil Rises Above G-7 Sanctions Cap, but Does Little to Impede Services August 22, 2023 By Alex Longley The price of Russia’s flagship oil may have jumped above a Group of Seven imposed cap but that has done...
Conditions Are Challenging, Claims Are Elevated, but Reinsurers’ Profits Return: Reports August 22, 2023 By L.S. Howard Despite extremely challenging conditions, with persistent and elevated claims activity, the global reinsurance segment returned an underwriting profit in 2022,...
Buesnel to Step Down as CEO of Tysers as 1st Phase of AUB Ownership Is Completed August 22, 2023 Tysers, the London-based insurance broker and subsidiary of AUB Group, announced that CEO Clive Buesnel is stepping down at the...
Ukraine in Talks With Insurers to Start Program to Cover Ships Hauling Grain Exports August 22, 2023 By Alex Longley and Volodymyr Verbyany Ukraine’s government is in talks with insurers to start a new program to cover ships hauling grain through some of...
3 Tropical Storms Churn Across Atlantic as Most Active Part of Hurricane Season Begins August 21, 2023 By Brian K. Sullivan Three tropical storms are currently churning across the Atlantic Ocean in a dazzling start to the most active part of...
People Moves: Allianz Commercial Promotes Warren-Upham to Lead London Mkt Distribution; Chubb Appoints Kopp to Lead Far East Region, Mo for Korea August 21, 2023 This edition of International People Moves details appointments at Allianz Commercial and Chubb. A summary of the new hires follows...