Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals May 9, 2023 By Huw Jones Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across...
Hottest Ever April Recorded in Spain, Portugal as Heat Wave Hits Europe May 9, 2023 By Laura Millan Spain and Portugal recorded their hottest April on record as a mass of hot air brought temperatures above 30C and...
Lloyd’s Cyber War Exclusions: Confusing, Disruptive, but Necessary? May 9, 2023 By L.S. Howard The rollout of the Lloyd’s cyber war exclusions has received considerable criticism for the chaos and confusion caused in the...
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...