Cyclone Biparjoy Makes India Landfall, Damaging Power Lines, Uprooting Trees June 16, 2023 By Francis Mascarenhas, Sumit Khanna and Gibran Naiyyar Peshimam Strong winds, heavy rain and high tides lashed India’s Gujarat coast late on Thursday as Cyclone Biparjoy made landfall after...
Odey Resigns From Lloyd’s Investment Fund Amid Sexual Harassment Allegations June 16, 2023 By Ben Stupples Crispin Odey has stepped back from an investment fund focused on the Lloyd’s of London insurance market in a sign...
New Zealand’s Smartpay Hit With Ransomware in Latest Antipodean Cyber Attack June 16, 2023 New Zealand-based payments solutions provider Smartpay Holdings said on Friday that it faced a ransomware attack last week, becoming the...
People Moves: Howden Hires 3 for Casualty in London, Bermuda; Aon Names Fakkel CTO, Strategy & Tech Group; Everest Re Taps AIG’s Gallagher as Head of U.S. Facultative June 15, 2023 This edition of International People Moves details appointments at Howden Broking, Aon and Everest Re. A summary of these new...
Generali Agrees to Acquire Liberty Mutual’s European Units for $2.5 Billion June 15, 2023 By Jan-Henrik Förster, Aaron Kirchfeld and Sonia Sirletti Assicurazioni Generali SpA has agreed to acquire a group of European businesses from US insurer Liberty Mutual Holding Co. for...
Legal & General Hires Santander’s Simoes as CEO June 15, 2023 British insurer Legal & General has hired Banco Santander’s António Simões as its new CEO, it said on Thursday, replacing...
Cyberattacks on Renewables: The Stuff of Nightmares for Europe’s Power Sector June 15, 2023 By Nora Buli, Nina Chestney and Christoph Steitz Saboteurs target a nation leading the world in clean energy. They hack into vulnerable wind and solar power systems. They...
MOVEit Cyber Attack Hits UK Printing Firm Used by Insurers, Brokers and Banks June 15, 2023 By Olivia Solon A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim...
Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan June 14, 2023 By Manuel Baigorri Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty...