People Moves: Hamilton Names AIG’s Friston for Financial Lines; WTW Hires Marsh’s Baker for FINEX Banking; Howden Re Taps Berkley Re’s Pike for Treaty Reinsurance January 19, 2022 This edition of International People Moves details appointments at Hamilton Re, Willis Towers Watson and Howden Re. A summary of...
Loss Experience Drives Prices During January Reinsurance Renewals: Fitch January 19, 2022 Loss-affected lines of business, such as property catastrophe in Europe, cyber or retrocession, continued to see significant price increases during...
Net-Zero Insurers’ Climate-Friendly Plans to Exit Coal Impeded by Antitrust Laws January 19, 2022 By Alastair Marsh A group of the world’s biggest insurers and reinsurers jointly pledging to eliminate greenhouse gas emissions from their underwriting activities...
UK Car Insurance Premiums Expected to Be Volatile in 2022: Survey January 19, 2022 The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5%...
UK High Court Throws Out Case Brought by Climate Activists Against Oil Regulator January 19, 2022 By Shadia Nasralla A UK High Court on Tuesday threw out a case brought by climate activists against the country’s oil and gas...
Shortage of ESG Experts Could Have Negative Effect on Canada Financial Services Firms January 19, 2022 By Layan Odeh Canada’s financial sector is facing a talent shortage in sustainable finance as demand for people who can evaluate ESG-related risks...
Asian Insurer FWD Group Raises $200M in Pre-IPO Funding: Sources January 19, 2022 By Scott Murdoch Asian insurer FWD Group has raised $200 million in new funding ahead of its planned Hong Kong initial public offering...
Cyber, Business Interruption, Natural Disasters Ranked as Top 3 Business Risks: Allianz January 18, 2022 A year of unprecedented cyber-attacks, business interruption and supply chain disruption, along with natural catastrophe activity has pushed these three...
Damage Still Being Assessed on Tonga After Massive Volcanic Eruption January 18, 2022 By Nick Perry New Zealand and Australia were able to send military surveillance flights to Tonga on Monday to assess the damage a...
Lloyd’s Weighs Future of Headquarters as Market Embraces Flexible Working January 18, 2022 By Jack Sidders Lloyd’s of London is reviewing its real estate needs as the historic insurance market embraces flexible working. “As we adapt...