Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise August 10, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks...
Norwegian River Dam Partly Collapses After Floods August 10, 2023 By Terje Solsvik and Victoria Klesty A dam on a Norwegian river partly collapsed after heavy rain on Wednesday, sending water gushing through a wide gap...
Fake Job Offer Opened Door to Suspected North Korean Crypto Hack August 10, 2023 By Ott Tammik and Aaron Eglitis In late July, a programmerat Estonia’s CoinsPaid, the world’s biggest crypto payment provider, met over video link with a recruiter...
Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability August 10, 2023 Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and...
Catastrophe Bond Funds Ranked Among 2023’s Top-Performing Credit Funds August 10, 2023 By Nell Mackenzie Catastrophe bond funds rank among the 10 best performing credit funds this year, as the hurricanes, earthquakes and other disasters...
People Moves: Xceedance Names Tiwari President, EMEA/APAC; Chubb Climate+ Appoints Prunier for Int’l Operations; Howden Taps Aon’s Green for Property August 9, 2023 This edition of International People Moves details appointments at Xceedance, Chubb, and Howden. A summary of these new hires follows...
Greensill Sues Zurich Insurance for $400 Million to Recoup Losses August 9, 2023 By Upmanyu Trivedi Greensill Bank AG’s administrators are seeking more than $400 million from Zurich Insurance Plc in London lawsuits to recoup the...
Severe Convective Storms Top Insured Natural Disaster Losses in H1: Swiss Re August 9, 2023 By L.S. Howard Global natural catastrophes cost insurers US$50 billion in the first half, (H1 2022: $48 billion), with most of the losses...
Meta Platforms Seeks to Stop Privacy Breach Fine in Norway August 9, 2023 By Gwladys Fouche Meta Platforms is asking a court in Norway to stop a fine the Nordic country’s data regulator imposed on the...
Black Sea Exporters Struggle to Clear Danube Shipping Backlog August 9, 2023 Dozens of ships are backed up around critical Danube arteries close to Ukraine’s river gateways days after Russian drone attacks...