Arch Capital Estimates Q3 Catastrophe Losses Could Hit $560 Million October 19, 2022 Arch Capital Group Ltd., the Bermuda-based re/insurer, reports that its 2022 third quarter results will be negatively affected by claims...
Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M October 19, 2022 Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of...
Bank of England and City of London Square Off Over Financial Services’ Reforms October 19, 2022 By Huw Jones A plan to give the British government power to override watchogs would raise “serious concerns” about the ability of regulators...
Brexit Results in ‘Substantial Negative Impact’ on Trade Between UK and EU: Report October 19, 2022 By Morwenna Coniam Brexit resulted in a “substantial negative impact” for trade in both directions between the European Union and the UK, according...
People Moves: Lockton Re Taps CyberCube’s Brew for London Cyber Practice; Howden Hires Tysers Godfrey for Equine Division; Carpenter’s Delegated Authority Unit Hires 3 October 19, 2022 This edition of International People Moves details appointments at three brokers: Lockton Re’s Cyber Practice, Howden’s Equine division and Guy...
Australian Insurer Medibank Says Hackers Claim to Have Stolen Customer Data October 19, 2022 Australia’s Medibank Private Ltd. said on Wednesday an unnamed hacker group had contacted it negotiate about customer data it claimed...
EU’s Sanctions Against Russia Could Deprive Some of World’s Tanker Fleet of Insurance October 19, 2022 By Alberto Nardelli, Christopher Condon and Alaric Nightingale The European Union’s latest sanctions on Russian petroleum could end up depriving a swath of the world’s tanker fleet of...
Update: Amazon Launches Home Insurance Comparison Website for UK Customers October 19, 2022 By Carolyn Cohn and Rhea Binoy Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes...
NFP Buys UK Broker Bentley Insurance Services October 18, 2022 NFP, the New York City-based property/casualty insurance broker and consultant, announced it has acquired Mason James Insurance Services Ltd. (doing...
AXA to Acquire Spanish P/C Insurer GACM España for €310M October 18, 2022 AXA announced that AXA Spain has entered into exclusive negotiations to acquire Groupe Assurances du Crédit Mutuel España (GACM España),...