G-7 Nations Should Adopt ‘Risk-Based’ Regulation on Artificial Intelligence: Ministers May 1, 2023 By Kantaro Komiya Group of Seven advanced nations should adopt “risk-based” regulation on artificial intelligence, their digital ministers agreed on Sunday, as European...
Toyota-Subsidiary Daihatsu Rigged Safety Tests for 88,000 Cars May 1, 2023 Toyota Motor Corp. affiliate Daihatsu rigged part of the door in side-collision safety tests carried out for some 88,000 small...
Executive Bonuses in Crosshairs in New CO2 Proposal: ESG Regulation May 1, 2023 By Frances Schwartzkopff Executives will face bonus cuts if the companies they run fail to hit climate transition targets, under a new European...
Specialty Re/Insurer Canopius Has Management Shake-up With 3 Execs Exiting April 28, 2023 Canopius Group, the London-based global specialty re/insurer, has had a management shake-up, with three executives exiting the company. “Over the...
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...