Former Hiscox CEO Masojada Named Chair of SiriusPoint June 2, 2023 SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced the appointment of Bronek Masojada as chair of the company’s Board...
Reinsurers Maintain Their ‘Heightened Risk Aversion’ During June 1 Renewals: Report June 2, 2023 Reinsurance rates continued to harden during the June 1 renewals, with risk-adjusted property-catastrophe pricing up 33% on average, according to...
ANALYSIS – Breakup of Insurers’ Climate Coalition Driven by U.S. Regulation Fears June 2, 2023 By Tommy Wilkes The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is...
Triple-Whammy of Cyclones, a 1-in-200-Year Event, Drove Italy’s Flooding: Scientists June 1, 2023 By Frances D'Emilio and Seth Borenstein A rare, triple-whammy of cyclones drove the deadly flooding that devastated much of northern Italy this month, but scientists said...
People Moves: Gallagher Re Appoints Brace of Exec Appointments for N. America, Brazil and China June 1, 2023 Global reinsurance broker Gallagher Re announced the appointment of Linda Johnson as vice chairperson for its North American team, Daniel...
Singapore Detains Record Number of Oil, Chemical Tankers as Dark Fleet Grows June 1, 2023 By Alex Longley Singapore’s detentions of oil and chemicals tankers have surged since early last year, highlighting growing concerns over the environmental and...
New Zealand Offers to Buy Out Owners of Cyclone, Flood-Damaged Homes June 1, 2023 By Matthew Brockett New Zealand’s government will help to buy out the owners of cyclone and flood-damaged houses in areas deemed susceptible to...
UK’s Ardonagh to Acquire Greek Reinsurance Broker SRS Group June 1, 2023 The Ardonagh Group announced its expansion into Greece following its agreement to acquire a majority shareholding in SRS Group of...
UK’s Business Lobby Group Sets Out Proposals for Change After Misconduct Scandals June 1, 2023 By Pan Pylas Britain’s leading business lobby group set out a series of proposals Wednesday that it hopes can secure its future following...
Wildfire on Canada’s Atlantic Coast Prompts Evacuation of 16,000, Damages Properties June 1, 2023 A wildfire on Canada’s Atlantic coast has damaged about 200 houses and other structures and prompted the evacuation of 16,000...