People Moves: Howden Appoints Marsh’s Howell for Multinational Client Practice; BMS Re Hires Soria as Head of New Business Solutions, Co-head of Casualty April 28, 2023 This edition of International People Moves details appointments at Howden and BMS Re. A summary of these new hires follows...
Insured Losses for Southeast Australia Floods of October 2022 Rise to A$907M: PERILS April 28, 2023 Insured losses for floods that hit Southeast Australia in October 2022 have risen to A$907 million (US$600.2 million), according to...
Markets/Coverages: Swiss Re, Insurtech Benekiva Partner to Offer L&H Claims Solution April 28, 2023 Swiss Re Reinsurance Solutions has formed a strategic partnership with Benekiva to offer an end-to-end digital claims management solution. The...
Mental Ill Health Drives Britain’s Crisis of Worker Sickness: Research April 28, 2023 Mental ill-health is now the main cause of sickness absence from work in the UK, costing employers billions of pounds...
Rising Oil Prices Complicate Russian Price Cap Checks for Insurers April 28, 2023 By Alex Longley Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if...
Cyber Insurance Rate Hikes Moderate, While Property Prices Rise in Most Regions: Marsh April 27, 2023 Average global cyber insurance prices continued to moderate in the first quarter, with average price increases of 11%, compared to...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’ April 27, 2023 By Jeslyn Lerh and Muyu Xu A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers...
Ermotti Steps Down as Swiss Re Chair on April 30 When de Vaucleroy Takes Interim Role April 27, 2023 Swiss Re announced that Sergio P. Ermotti is stepping down as chairman of the Board of Directors on April 30,...
Allegations Against Former Barclays CEO Staley ‘Very Serious’: CEO April 27, 2023 By Lawrence White Allegations made against British bank Barclays’ former CEO Jes Staley regarding his ties with sex offender Jeffrey Epstein are “very...
Fire Fears After UK’s Grenfell Disaster Set Back Wood Building, With Insurance as Factor April 27, 2023 By Olivia Rudgard To get fire department approval for their six-story London office project made of strong engineered wood known as mass timber,...