Credit Suisse’s Catastrophe Bonds Should Outlive the Bank: DBRS Morningstar March 27, 2023 By Lucca de Paoli Bonds designed to insure Credit Suisse Group AG against disaster could outlive the bank. Credit Suisse’s Operational Re bonds, insurance-linked...
Hackers Breached UK Pension Protection Fund, Stole Employee Data March 27, 2023 By Ryan Gallagher Hackers obtained data on some employees of the UK’s Pension Protection Fund after exploiting a third-party data transfer service, according...
People Moves: Acrisure Re Hires Ed Broking’s D’Arcy for Fac Team; MS Amlin Names Carpenter’s Turner to Lead Risk Analytics; Tysers Taps Primassure’s Moore for Energy March 27, 2023 This edition of International People Moves details appointments at Acrisure Re, MS Amlin and Tysers Broking. A summary of these...
HDI Global Specialty Launches Digital Platform for General Aviation in Canada March 27, 2023 HDI Global Specialty SE (HDI) has launched a new insurance platform in Canada which delivers general aviation policies to brokers...
Skyrisks Prepares to Launch as MGA for Advanced Air Mobility Sector March 27, 2023 Skyrisks Ltd. is set to launch as a managing general agent, partnering with capacity provider Convex Group Ltd., aiming to...
Credit Suisse Bondholders Seek Legal Advice on Wipe-out of AT1 Bonds March 27, 2023 Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional...
Ransomware Attack to Hit Revenue at India’s Top Drugmaker March 27, 2023 By Shwetha Sunil Sun Pharmaceutical Industries Ltd. expects revenue to fall as measures taken by India’s top drugmaker to contain an information technology...
Aging Shadow Fleet, Shipping Russian Oil, Poses Disaster Risk March 27, 2023 By Asad Zulfiqar The oil tanker Turba normally should have been melted down by now. The 26-year-old vessel hasn’t had a full inspection...
Denmark to Salvage Unidentified Object in Nord Stream Blast Probe March 24, 2023 By Bloomberg News Denmark is salvaging an unidentified object found next to a Russian gas pipeline that was damaged in a blast last...
People Moves: Howden Tiger Names Ruff as Head of Legacy Division in Expanded Role; Markel Taps QBE’s Keens, SCOR’s Wong for Global Downstream Energy Team March 24, 2023 This edition of International People Moves details appointments at Howden Tiger and Markel International. A summary of these new hires...