As Ukraine Grain Deadline Approaches, Pact Is Already Nearly Broken July 7, 2023 By Megan Durisin and Áine Quinn Global leaders are racing to salvage an international deal to allow Ukraine’s grain shipments by sea before it expires in...
Appetite for Cat Exposures Returns; Reinsurers Stay Disciplined in Mid-Year Renewals July 6, 2023 By L.S. Howard Capacity was more readily available during the mid-year renewals, which brokers described as “orderly,” in comparison to the turbulent January...
Specialty MGA UK Approved as Lloyd’s Coverholder July 6, 2023 Specialty MGA UK, a recently formed MGA that is focused on providing additional capacity for specialty lines of business, has...
Spanish Authorities Seek Damages From Swedish Mining Firm for Toxic Spill in 1998 July 6, 2023 By Ciaran Giles Spanish authorities are seeking 90 million euros ($98 million) in damages from a Swedish mining company for a major toxic...
Gallagher’s Pen Underwriting Acquires Norwegian MGA Fender Marine AS July 6, 2023 Arthur J. Gallagher & Co. announced that its UK-based specialist underwriting subsidiary Pen Underwriting has acquired Norwegian managing general agent...
Panama Expects to Be Removed From Financial Crime Watch List in October July 6, 2023 By Valentine Hilaire Panama expects international financial-crime watchdog FATF to remove it this October from a watch list for nations deemed to be...
UK Cybersecurity Officials Investigate Data Breach Affecting London Hospitals July 6, 2023 By Ryan Gallagher British cybersecurity officials are investigating an alleged cyberattack on a group of hospitals in London that has led to the...
UN Climate Alliance Scraps Emissions Rules for Insurers After Exodus July 6, 2023 By Tommy Wilkes The Net-Zero Insurance Alliance (NZIA) has ditched all requirements for members to set or publish greenhouse gas emission-reduction targets, the...
Association of British Insurers Pushes Members to Act on Biodiversity Loss July 6, 2023 By Priscila Azevedo Rocha A British insurance group is pushing its members, which include Allianz SE, Aviva Plc and Chubb Ltd., to step up...
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President July 5, 2023 This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A...