Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report August 17, 2023 By Alastair Marsh Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate...
Swiss Tunnel to Partially Reopen for Freight Transport as Supply Chain Backs Up August 17, 2023 By Paula Doenecke and Bastian Benrath Switzerland’s Gotthard tunnel will partially reopen for freight transport next week after a derailed train blocked one of its two...
Latin Americans Fall Prey to More Online Scams, Cyber Attacks August 17, 2023 By Carolina Pulice Gabriella Batalha didn’t think much when she noticed she had been logged out of Instagram – until the next day...
Legal & General’s CEO Says UK Must Speed Up Reforms to Lure Investors August 17, 2023 By Laura Benitez The UK needs to accelerate reforms to help attract more investments, according to Legal & General Group Plc Chief Executive...
People Moves: MGA Arrow Risk Launches FinPro Practice, Hiring Wood and Cubitt From IGI; Sompo Int’l Names Röskau as CEO of SI Insurance (Europe) August 16, 2023 This edition of International People Moves details appointments at Arrow Risk Management and Sompo International. A summary of these new...
Demex Raises $5M to Bolster Its Stop-Loss Reinsurance Solutions for Secondary Perils August 16, 2023 The Demex Group, the Washington, D.C.-based managing general agent (MGA) that offers stop-loss protection for secondary perils, announced it has...
German Cabinet Passes Landmark Bill Over Legal Cannabis Use August 16, 2023 By Sarah Marsh and Andreas Rinke Germany’s cabinet passed a contentious bill on Wednesday to legalize recreational marijuana use and cultivation, one of the most liberal...
Legacy Acquistion Specialist Monument Re Explores Strategic Options: Sources August 16, 2023 By Amy-Jo Crowley and Pablo Mayo Cerqueiro Monument Re, a buyer of European life insurance portfolios, is exploring strategic options after reporting a drop in its capital...
UK Insurer Aviva Eyes Lloyd’s of London Entry, Posts Above-Forecast H1 Profit August 16, 2023 By Carolyn Cohn Aviva posted an above-forecast rise in first-half operating profit on Wednesday, helped by strong performance in general and health insurance,...
Broken Wheel Causes Derailment of Train Blocking Swiss Tunnel August 15, 2023 By Paula Doenecke and William Wilkes The derailment that blocked the Gotthard tunnel in Switzerland last week was caused by a broken wheel on the freight...