Update: Wildfires Rage Across Canada’s Gas Heartland, Cutting Production May 8, 2023 By Robert Tuttle and Sheela Tobben Wildfires raging across western Canada forced the evacuation of 30,000 residents and cut at least 234,000 barrels a day of...
Insured Losses for New Zealand North Island Floods Estimated at NZ$1.8B: PERILS May 8, 2023 Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1...
People Moves: Beazley’s Cyber Security Unit Lodestone Appoints Kizziah as CEO; Howden Tiger Fac Names Warne From Inigo to Lead Terrorism & Political Violence May 8, 2023 This edition of International People Moves details appointments at cybersecurity firm Lodestone Security and the broker Howden Tiger Fac. A...
Lockton Acquires THB Brazil From Amwins May 8, 2023 Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor...
Russian Carmaker GAZ Files Third Lawsuit Against Volkswagen May 8, 2023 Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to...
An Oil Tanker Ablaze in South China Sea Is Warning of Global Problem May 8, 2023 By Alex Longley and Yongchang Chin Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil...
South Africa’s State-Owned Insurer Won’t Pay Claims for Grid Collapse May 8, 2023 By Colleen Goko South Africa Special Risk Insurance Association told clients it won’t pay claims for damage related to a collapse of the...
Aon Launches Dedicated Unit to Drive Climate Analytics and Advisory May 5, 2023 Aon plc, the global professional services firm, has launched a Climate Risk Advisory team to provide physical risk diagnostics and...
Venezuela’s Oil Tankers at Risk of Spills, Sinking, Fires, Collisions: Report May 5, 2023 By Mircely Guanipa More than half of the 22 oil tankers in Venezuela’s fleet are so run down that they should be immediately...
People Moves: BMS Re Promotes Wheeler to President; Arch Names Heads of Onshore, Offshore Energy; SiriusPoint Appoints Former Hiscox CEO Masojada to Board May 5, 2023 This edition of International People Moves details appointments at BMS Re, Arch Insurance International, and SiriusPoint. A summary of these...