Markel International Merges Professional and Financial Risks Division With Cyber Team November 28, 2022 Markel International, a subsidiary of Markel Corp., announced it will merge its professional and financial risks (PFR) division with its...
Climate Activists’ Attacks on Paintings Add to Insurers’ Worries About Threats to Art November 28, 2022 By Carolyn Cohn, Noor Zainab Hussain and Barbara Lewis Climate activists’ attacks on some of the world’s most precious paintings have added to insurers’ worries about the threat to...
Private Equity Firm KKR Nears €2.3 Billion Deal for French Insurance Broker April Group November 28, 2022 By Jan-Henrik Förster and Ruth David French insurance broker April Group said private equity firm KKR & Co. has become its new majority shareholder, according to...
Liberty Mutual Explores $1 Billion Sale of Europe Businesses November 23, 2022 By Jan-Henrik Förster and Aaron Kirchfeld Liberty Mutual Holding Co. is exploring a sale of its businesses in Spain, Portugal and Ireland, according to people familiar...
Property Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals November 23, 2022 Reinsurance rates for property catastrophe business should increase by well over 10% when contracts are renewed in January 2023, according...
Is Britain Starting to Have Second Thoughts About Brexit? November 23, 2022 By Ellen Milligan, Alex Wickham and Philip Aldrick Even after years of division and vitriol, it seems like Britain still needs to talk about Brexit. More than six...
Ardonagh Group to Buy Australian Insurance Investment, Distribution Firm Envest November 23, 2022 The Ardonagh Group, the London-based independent insurance distribution platform, announced it has agreed to acquire Envest Pty Ltd., an Australian...
FTX Collapse Ensnares Creditors Big and Small Across the Globe November 23, 2022 From a German bank seeking a more than $2 million payment to a Chinese investor requesting $21,000 of lost savings....
Cyber Protection as Important as Missile Defense Systems: Retired NATO General November 23, 2022 By Sabine Siebold A cyber attack on the German ports of Bremerhaven or Hamburg would severely impede NATO efforts to send military reinforcements...
Australia’s Extreme Weather Events to Worsen as Climate Warms: Report November 23, 2022 By Ainslie Chandler Australia will experience an increase in extreme heat, intense rainfall and coral-bleaching events, as well as longer fire seasons and...