Taiwan’s Watchdog Says Insurers Have Enough Capital to Withstand COVID Claim Surge October 21, 2022 By Cindy Wang, Argin Chang and Krystal Chia Taiwan’s insurance industry has buffered itself against surging COVID claims after raising capital, the head of the island’s market regulator...
Russia Poised to Largely Circumvent G-7 Oil Price Cap, Insurance Restrictions October 21, 2022 By Noah Browning, Dmitry Zhdannikov and Jonathan Saul Russia can access enough tankers to ship most of its oil beyond the reach of a new G-7 price cap,...
Global Natural Disasters Cost Insurers $99B in Q3, With Economic Losses of $227B: Aon October 21, 2022 Global natural disaster events to the end of Q3 2022 caused total economic losses estimated minimally at $227 billion –...
People Moves: Munich Re’s Blunck to Succeed Jeworrek Who Is Stepping Down; Lloyd’s Market Association Appoints 3 New Board Members October 20, 2022 The Supervisory Board of Munich Re has appointed Dr. Thomas Blunck (age 57) as the chair of the Reinsurance Committee...
MS Amlin Underwriting Fined $11 Million for Risk Management Failings October 20, 2022 The Bank of England said on Thursday it had fined insurer MS Amlin Underwriting Ltd (MSAUL) 9.695 million pounds ($10.84...
Update: Specialty MGA UK Launches to Boost Insurance Capacity Across All Territories October 20, 2022 A new managing general agent has launched in London called “Specialty MGA UK,” which is focusing on providing additional capacity...
Legacy Specialist Compre Acquires Covéa’s MedMal Subsidiary October 20, 2022 Compre, the Bermuda headquartered legacy group, announced it has signed agreements to acquire the Irish subsidiary of Covéa, Medical Insurance...
Corporate Climate Disclosures Jump Again in 2022 — But Many Fail to Respond October 20, 2022 Companies worth half of total global market capitalization are now disclosing environmental data after a 42% year-on-year rise in the...
Cybersecurity Firm OutThink Raises $10M to Tackle Human Errors Behind Data Breaches October 20, 2022 By Juliette Portala London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on...
Pakistan’s Catastrophic Flood Damage Estimated to Cost $40 Billion: Officials October 20, 2022 By Faseeh Mangi The damage from this summer’s catastrophic flooding in Pakistan is now estimated at $40 billion, as much as 25% higher...