Reinsurer SCOR Reports H1 Loss of €239M Blamed on Ukraine War, Natural Disasters July 28, 2022 By L.S. Howard Reinsurer SCOR reported a first half loss attributed to the war in Ukraine, natural catastrophes and the severe drought in...
Reuters: EU Finds Evidence Employees’ Smartphones Compromised by Spyware July 28, 2022 By Raphael Satter The European Union found evidence that smartphones used by some of its staff were compromised by an Israeli company’s spy...
G7 Countries Aim to Have Price Cap on Russia Oil Before Dec. 5, When Sanctions Kick In July 28, 2022 By Jan Strupczewski The Group of Seven richest economies aim to have a price-capping mechanism on Russian oil exports in place by Dec....
Greensill Capital Sued by 277 Former Employees Over Firm’s Collapse, Job Losses July 28, 2022 By Katharine Gemmell and Olivia Fletcher A group of ex-Greensill Capital employees sued the defunct firm in London, accusing management of unfairly keeping them in the...
Corvus Insurance Opens Frankfurt Office July 27, 2022 In what Corvus said is a first for a U.S.-based insurtech, the managing general agent has opened an office in...
Lloyd’s Insurers Preparing to Cover Ukraine Grain July 27, 2022 By Carolyn Cohn Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely to...
People Moves: Acrisure Re Hires Carpenter’s Furlong; HDI Global Specialty Promotes Button for Distribution & Biz Devel.; Tokio Marine Names Former QBE Exec for Board July 27, 2022 This edition of International People Moves details appointments at broker Acrisure Re and two insurers: HDI Global Specialty and Tokio...
UK Insurers, Banks Risk Fines Under New Reforms Unless They Put Customers First July 27, 2022 By William Shaw Financial firms may be fined and stripped of their regulatory authorization unless they put their customers’ needs first under far-reaching...
Powerful 7.1 Magnitude Quake Hits Philippines, Killing at Least 4 July 27, 2022 By Neil Jerome Morales and Karen Lema A powerful 7.1 magnitude earthquake struck the northern Philippine island of Luzon on Wednesday killing four people, damaging buildings and...
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon July 27, 2022 Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18% higher...