Lloyd’s Lab Selects 13 Insurtechs for Its Next Innovation Accelerator March 30, 2023 The Lloyd’s marketplace announced it has invited 13 insurtechs to join the next cohort of its innovation accelerator, the Lloyd’s...
Markets/Coverages: Reinsurance Tech Firm Tremor Launches Cat Bond Issuance Platform March 30, 2023 Tremor Technologies Inc., the Boston-based reinsurance pricing and placing platform, has launched a catastrophe bond issuance platform called Tremor Issuer™....
Russia Still Uses Western Insurance for Half of Tanker Fleet That Exports Its Oil March 30, 2023 By Bloomberg News Russia still relies on Western insurers to cover more than half of the tanker fleet that exports its oil, according...
Philips Expects to Reach Settlements This Year for Global Recall of Respiratory Devices March 30, 2023 Dutch health technology company Philips expects to reach settlements this year relating to its global recall of respiratory devices, CEO...
Typhoon-Prone Philippines to Launch Insurance Plan for Infrastructure Losses March 30, 2023 By Manolo Serapio Jr. and Ditas Lopez The Philippines is readying an insurance plan that will protect the Southeast Asian nation from infrastructure losses caused by natural...
BHP Group Seeks to Delay $44B Brazil Dam Court Case in London March 30, 2023 Mining group BHP Group is seeking to delay a potential 36 billion pound ($44 billion) London lawsuit over Brazil’s worst...
Swiss Re Faces $6.3M Claim Over Sex Discrimination, Unfair Dismissal March 30, 2023 By Kirstin Ridley A former Swiss Re underwriter, who last year won a sex and maternity discrimination and unfair dismissal case, is seeking...
Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest March 29, 2023 By Esteban Duarte and Marcelo Rochabrun Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters...
Ermotti to Step Down as Swiss Re Chair to Take UBS Role; Interim Chair Named March 29, 2023 Sergio P. Ermotti is stepping down as the chairman of Swiss Re, following his appointment as the new CEO of...
Brazil Miner Vale to Pay $56M to Settle SEC Charges Related to Dam Safety Disclosures March 29, 2023 Brazilian mining firm Vale SA agreed to pay $55.9 million to settle charges related to allegedly false and misleading disclosures...