India Approves More Russian Insurers to Provide Marine Cover May 13, 2025 By Nidhi Verma India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving...
Global Banking Regulators Agree to Prioritize Climate Risk Work May 13, 2025 By Virginia Furness Global banking regulators on Monday agreed to intensify efforts to better understand the financial risks posed by climate change amid...
Markets/Coverages: MGA Pen Launches Enhanced Cyber Risk Management Platform May 13, 2025 Pen Underwriting, the London-based managing general agent, has invested in a new cyber protection platform called “Pen Protect,” which aims...
People Moves: Everest Promotes Mesagaes to Reinsurance Head of Renewable Energy; Westfield Specialty International Taps Arch’s Poulteney and Kailia for Offshore Energy May 13, 2025 Everest Promotes Mesagaes as Reinsurance Head of Renewable Energy Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that...
German Reinsurers Report Q1 Profits Down Sharply on Los Angeles Wildfire Claims May 13, 2025 By Tom Sims and Alexander Hübner Germany’s largest reinsurers, Munich Re and Hannover Re, reported sharp declines in first-quarter profit on Tuesday after a combined 1.7...
Marks & Spencer Says Hackers Have Stolen Some Customer Data May 13, 2025 By Deirdre Hipwell Marks & Spencer Group Plc said some personal customer data was stolen by hackers as the British retailer continues to...
London Workers Hit by Travel Disruption After Power Outage May 12, 2025 By Jamie Nimmo and Eamon Akil Farhat London commuters face significant disruption to their journeys after a power failure knocked out parts of the capital’s underground network....
Chinese Exporters Elated by Reprieve in US-China Trade War May 12, 2025 The US-China deal temporarily lowering tariffs comes as a relief for Chinese exporters in limbo since the onset of a...
Markets/Coverages: Markel Launches Clinical Trials Cover to Support Research Globally May 12, 2025 Markel Insurance, the insurance operations within Markel Group Inc., announced the launch of its clinical trials insurance product. Markel said...
Recovery of Superyacht Bayesian off Sicily Suspended After Diver Dies May 12, 2025 The recovery of a superyacht that sank last year off the Sicilian coast was temporarily halted Saturday following the death...