Autonomous Cars May Always Need Remote Human Supervisors, Experts Say September 12, 2022 By Nick Carey and Paul Lienert MILTON KEYNES, England — Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop...
Gallagher Re Launches Academic Research Center September 12, 2022 Gallagher Re, the global reinsurance broker, announced the launch of the Gallagher Research Centre (GRC). Housed within Gallagher Re’s Global...
Typhoon Muifa Takes Aim at Asia’s Largest Port of Shanghai September 12, 2022 By Kevin Varley Asia’s largest container shipping hub may face another major storm as Typhoon Muifa bears down on Shanghai and nearby Ningbo....
UK Says Energy Aid Will Cost Treasury Billions and Cut Inflation September 9, 2022 By Kitty Donaldson and Emily Ashton Liz Truss’s UK government announced a sweeping package of measures to contain spiraling energy bills, seeking to ease a historic...
Underwriting No Longer Sole Path to Profit, Say Berkley Execs September 9, 2022 While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry’s more...
Lloyd’s Has Strong H1 Underwriting Profit, but Reports Overall Loss on Investment Hit September 9, 2022 By L.S. Howard While Lloyd’s reported a strong underwriting profit during the first half and its best combined ratio in five years, similar...
South African Premiums to Rise as Insurers Face Growing Flood, Fire Risks: Sanlam September 8, 2022 By Adelaide Changole South Africans could soon be paying as much as 5% more on their premiums as insurers face growing risks both...
Aon Launches Strategy and Technology Group, Aiming to Build Re/Insurer Resilience September 8, 2022 Aon plc, the global professional services firm, has launched a Strategy and Technology Group (STG) to bring together a wide...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate September 8, 2022 Westfield said it has expanded into the international specialty insurance market by buying Lloyd’s Syndicate 1200 from Argo Group International...
Lloyd’s of London to Pay Some Staff £2,500 Cost-of-Living Bonus September 8, 2022 By Benjamin Robertson and Will Louch Lloyd’s of London will pay staff earning less than £75,000 ($86,306) an extra £2,500 to help cover rising living costs...