China Regulator Says Banks, Insurers to Go ‘All Out’ to Bolster Lending July 11, 2022 An official at China’s banking and insurance regulator said authorities will use policy tools “flexibly and precisely” at proper times...
AM Best Keeps Negative Outlook on Mexico’s Insurance Industry July 11, 2022 AM Best said it is maintaining its negative outlook on Mexico’s insurance market segment due to increased levels of inflation...
U.S.-Based 3M Faces More Costs After $581M Chemical Cleanup Pact in Belgium July 8, 2022 By Stephanie Baker 3M Co. still faces the prospect of additional costs to resolve contamination liabilities in Belgium after reaching an agreement to...
People Moves: Lloyd’s Europe Hires Heugues From Ageas as Chief Underwriter; Parsyl Staffs London Marine Cargo Office July 8, 2022 Lloyd’s Europe reports the appointment of Bertrand Heugues as chief underwriting officer effective 14 July. He will be responsible for...
UK Judges Clear Path for $7B Suit Against BHP Over Deadly Brazil Dam Collapse July 8, 2022 By Jonathan Browning and Katharine Gemmell UK judges paved the way for a group of more than 200,000 people to bring a suit against BHP Group...
Insurance Losses From Sydney Floods Approach A$100M: ICA July 8, 2022 Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag...
ECB Climate Stress Test Highlights $71 Billion Risk for Euro Zone Banks July 8, 2022 By Francesco Canepa A sudden jump in carbon prices coupled with floods and droughts this year would lead to losses of at least...
Miller Acquires Tokyo-Based Broker Lead Insurance Services July 8, 2022 Miller, the independent specialist re/insurance broker, announced the acquisition of Lead Insurance Services Ltd. Lead is based in Tokyo, Japan,...
People Moves: Chubb Global Markets Promotes Kirk to Head of Marine; WTW Hires PwC’s Tahir Thomson for Risk & Capital Mgmt.; BMS Names 4 Senior Leaders in Asia July 7, 2022 This edition of International People Moves details appointments at Chubb Global Markets and two brokers, Willis Towers Watson (WTW) and...
Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads July 7, 2022 By Anthony Deutsch, Kirstin Ridley and Simon Jessop Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law...