New UK Prime Minister Promises to ‘Unshackle’ City of London September 6, 2022 By Huw Jones Liz Truss becomes Britain’s prime minister on Tuesday after a campaign in which she promised to “really unshackle” the City...
S. Korea Braces for Strongest Typhoon in Nation’s History With Major Damage Expected September 2, 2022 By Heesu Lee South Korea is bracing for the strongest storm in the nation’s history with Super Typhoon Hinnamnor forecast to hammer its...
Sompo International Sells Run-off Business at Lloyd’s to Legacy Specialist RiverStone September 2, 2022 Sompo International, the Bermuda-based provider of commercial and consumer property and casualty re/insurance, announced the sale of its Endurance at...
People Moves: Sompo Int’l Taps Zurich’s Brand as President, Continental Europe; HDI Global Specialty Promotes Candi in Italy Branch; DUAL APAC Promotes 2 Execs September 2, 2022 This edition of International People Moves details appointments at Sompo International, HDI Global Specialty, and DUAL Asia Pacific. A summary...
Brazilian Reinsurer IRB Raises $228.9M in Share Offering September 2, 2022 Brazilian reinsurer IRB Brasil Resseguros SA confirmed late on Thursday it had raised 1.2 billion reais ($228.9 million) in a...
Cyber Attacks on Western European Firms on the Rise Since Ukraine War: Italy Minister September 2, 2022 By Alberto Brambilla and Flavia Rotondi Italy’s foreign minister said cyber attacks on western European companies have risen following the Russian invasion of Ukraine, as Rome...
G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role September 2, 2022 By David Lawder Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian...
Low Rate of Flood Insurance Cover Spells Danger as Climate Crisis Deepens September 2, 2022 By Noor Zainab Hussain and Carolyn Cohn Insured losses from floods doubled to $80 billion globally during 2011-2020 compared to the previous decade, while insurance penetration lingered...
Cargo Ship Beached After Collision in Bay of Gibraltar September 1, 2022 By Ciaran Giles Gibraltar authorities said Tuesday that a cargo ship has been beached to prevent it from sinking after it collided with...
Italian Oil Giant Eni Hit by Cyber Attack September 1, 2022 By Daniele Lepido and Alberto Brambilla The Italian oil giant Eni SpA said Wednesday that its computer networks were hacked in recent days and that the...