Shipowners That Still Transport Russian Crude Are Reaping Big Rewards July 5, 2022 By Serene Cheong A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as...
Torrential Rain Brings More Flooding to Sydney, Forcing Thousands to Evacuate July 5, 2022 By Angus Whitley Thousands of people on the outskirts of Sydney were told to leave their homes or prepare to evacuate as days...
People Moves: Verisk Promotes Rayner to President of Specialty Business Solutions; Munich Re Appoints 2 Senior Leaders for Singapore and SE Asia July 1, 2022 This edition of International People Moves details appointments at Verisk and Munich Re. A summary of these new hires follows...
Tropical Storm Bonnie Forms Near Nicaragua in Caribbean July 1, 2022 By Brian K. Sullivan Tropical Storm Bonnie formed in the Caribbean east of Nicaragua, a dangerous system that threatens a potential humanitarian crisis but...
Florida Property Reinsurance Premiums Rise by as Much as 50%: Gallagher Re July 1, 2022 Property reinsurance rates rose by as much as 50% in Florida at July 1 renewals and by up to 40%...
State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance July 1, 2022 State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as...
Climate Change Driving Extreme Heat and Flooding in 2022: Report July 1, 2022 By Gloria Dickie Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this...
Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon July 1, 2022 For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance...
Brand Appointed Group CEO of Convex July 1, 2022 The Board of Convex Group Ltd., the Bermuda-based specialty re/insurer, announced that Paul Brand, who founded the business in 2019...
People Moves: AXA XL Promotes Dores for Int’l Financial Lines; BMS Builds Out Casualty With Hires From Tysers; WTW Taps RenRe’s Modhvadia for Structured Risk June 30, 2022 This edition of International People Moves details appointments at AXA XL, BMS and WTW. A summary of these new hires...