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...
Markets/Coverages: Lloyd’s Insurer Probitas Starts Underwriting Cyber July 7, 2022 Probitas 1492, the Lloyd’s insurer, has started underwriting cyber insurance with Richard Taylor, head of Cyber & Technology, focusing the...
Cybersecurity Firm Group-IB to Split Russian, International Businesses July 7, 2022 Cybersecurity outfit Group-IB will split its Russian and international business into two separate companies in a bid to maintain a...
Ryan Specialty Expands European Presence With Launch of Madrid Office July 7, 2022 Ryan Specialty announced it has opened an office in Madrid as a next step in the evolution of the firm’s...
UK Government Chaos Sparks Fears in City of London of More Post-Brexit Limbo July 7, 2022 By Katherine Griffiths, William Shaw and Harry Wilson City of London executives have expressed anxiety that the turmoil rocking the UK government may delay or derail post-Brexit reforms...
Ardonagh’s MGA Unit, Geo Underwriting, Acquires UK’s Lorega Holdings July 6, 2022 Geo Underwriting, The Ardonagh Group’s MGA subsidiary, has completed the acquisition of the managing general agent Lorega Holdings Ltd. from...