BMS Group Acquires Australia’s Bluebook Insurance Brokers July 5, 2023 BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance...
Insurers Look to Loosen UN Climate Alliance Rules After Member Exodus: Sources July 5, 2023 By Tommy Wilkes The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership...
Economic Cost of French Riots Could Top €1 Billion as Unrest Continues to Drop July 5, 2023 By James Regan and Vidya Root President Emmanuel Macron will meet with more than 200 mayors to assess the riots that have rocked France as a...
French Insurers Say Cost of Riots Totals $305 Million, So Far July 5, 2023 By Alexandre Rajbhandari French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from...
Why Did It Take a Pandemic to Drive Electronic Placement in the London Market? July 5, 2023 By Peter Smyth Electronic placing in the London market was a long time coming, with many obstacles to overcome – It took the...
Guy Carpenter Completes Acquisition of Re Solutions in Israel July 3, 2023 Guy Carpenter, the reinsurance business of Marsh McLennan, announced it had completed its previously announced acquisition of Re Solutions, the...
SiriusPoint Completes $1.3B Reinsurance Loss Portfolio Transfer With Compre July 3, 2023 SiriusPoint Ltd., the Bermuda-based re/insurer, announced it has completed a ground-up loss portfolio transfer (LPT) of a portfolio of primarily...
Russia’s Aging, Dark Fleet of Oil Tankers Gets Infusion of Newer Ships July 3, 2023 By Alex Longley and Serene Cheong An armada of tankers ferrying sanctioned oil around the globe is starting to get younger, bucking a months-long trend of...
Fusion Specialty Europe Launches Branch in Madrid, Led by DUAL’s Cibin July 3, 2023 Fusion Specialty Europe announces the launch of its Southern Europe branch in Madrid, and the appointment of Filippo Cibin as...
Wind Turbines That Shake and Break Cost Their Maker Billions July 3, 2023 By William Mathis, Wilfried Eckl-Dorna and Rodrigo Orihuela Wind turbines make money when they spin. But when they shake, it can cost billions. Siemens Energy AG is struggling...