AM Best Puts SCOR’s Credit Ratings Under Review After L&H Reserve Announcement July 25, 2024 AM Best has placed the credit ratings of SCOR, the Paris-based reinsurer, under review with developing implications. The ratings were...
People Moves: Marsh Promotes McKay as UK Advisory Leader; BHSI Launches Surety in Spain, Led by Barbero; IQUW Promotes MacDonald to Head of Property July 25, 2024 This edition of International People Moves details appointments at Marsh, Berkshire Hathaway Specialty Insurance (BHSI) and the re/insurer IQUW. A...
Explosion and Fire Hit Tequila Factory in Mexico, Killing at Least 5 Workers: Officials July 25, 2024 An explosion and fire erupted inside a tequila factory Tuesday, killing at least five workers and injuring two others at...
WTW Reports 48% Hike in Q2 Net Income With Organic Growth of 6% July 25, 2024 By L.S. Howard WTW reported second quarter net Income of $142 million, an increase of 48% compared to net income of $96 million...
Philippines Rushes to Contain Oil Spill From Sunken Tanker July 25, 2024 By Cliff Venzon and Andreo Calonzo Philippine authorities are rushing to contain an oil spill from a tanker that sank early Thursday, killing one crew member,...
Typhoon Gaemi Aims for China, Leaves Vessels Capsized July 25, 2024 By Sing Yee Ong, Cindy Wang and Manolo Serapio Jr. Authorities in Taiwan raced to find crew missing from a ship that capsized in bad weather after Typhoon Gaemi ripped...
Japanese Population Falls at Fastest Pace in Demographic Crisis July 25, 2024 By Erica Yokoyama The number of Japanese citizens fell at the fastest clip last year since data collection began in the 1960s, adding...
BHP Must Stop Funding Legal Action to Halt Mariana Dam Claim, London Court Rules July 24, 2024 BHP Group must stop funding legal action seeking to halt some Brazilian municipalities from bringing a multi-billion-pound claim over one...
New London-Based Specialty Reinsurer, Stability Re, Launched July 24, 2024 The Connect Group announced the launch of a London-based specialty reinsurer, Stability Re. This follows the formation in September 2023...
Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix July 24, 2024 The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19...