German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist December 19, 2022 German authorities said Saturday that they have recovered a significant part of the 18th-century treasures stolen from Dresden’s Green Vault...
Binance’s Books Are Black Box, Filings Show, as Crypto Giant Tries to Rally Confidence: Reuters December 19, 2022 By Tom Wilson, Angus Berwick and Elizabeth Howcroft The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a...
Insurers Denying Coverage to FTX-Linked Crypto Firms as Contagion Risk Mounts December 19, 2022 By Noor Zainab Hussain and Carolyn Cohn Insurers are denying or limiting coverage to clients with exposure to bankrupt crypto exchange FTX, leaving digital currency traders and...
People Moves: Markel Int’l Promotes Green to Head of U/W Risk, Higgins to Head of Cat Mgmt; Fidelis Promotes 3 Senior Leaders Mathias, Bellamy and Davern December 16, 2022 Markel Int’l Names Green as Head of Underwriting Risk, Higgins as Head of Cat Mgmt Markel International, a subsidiary of...
Munich Re to Launch Specialty Insurance Division December 16, 2022 Munich Re is launching a new division, called Global Specialty Insurance (GSI), which will be comprised of various primary insurance...
RiverStone Enters Loss Portfolio Transfer Reinsurance Agreement With AXIS Capital December 16, 2022 RiverStone International, the Bermuda-based acquirer and reinsurer of legacy and discontinued insurance business, announced it has entered into loss portfolio...
Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences? December 16, 2022 By L.S. Howard The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions December 16, 2022 There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian...
Markets/Coverages: QBE Europe Launches Warranty & Indemnity Product; Miller Launches D&O Product for UK Construction Sector December 16, 2022 QBE Europe Launches Warranty & Indemnity Product QBE announced the introduction of Warranty and Indemnity (W&I) insurance in Europe for...
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine December 16, 2022 By Steven Arons, Áine Quinn and Alex Longley Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels...