EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry March 8, 2022 By Jamie Freed Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related...
How Cloud Downtime Insurance Became a Thing March 8, 2022 By L.S. Howard A single hour of downtime from mission-critical, third-party IT service providers can cost small and medium-sized enterprises tens of thousands...
Argo Group CEO Rehnberg Takes Health Leave; Bradley Assumes Role for Interim March 7, 2022 Kevin J. Rehnberg, chief executive officer of Argo Group International Holdings Ltd., announced on March 2, 2022 that he would...
Environmental Groups Sue TotalEnergies Over Climate Marketing Claims March 7, 2022 By Simon Jessop, Gloria Dickie and Benjamin Mallet A group of environmental organizations has filed a lawsuit in France against the country’s largest energy company TotalEnergies, accusing it...
People Moves: Lockton Hires Starr Cos.’ Shephard for Aviation; Arch Promotes Bonneau; AXA XL Names Zhou, Lui as Energy U/Ws in Canada March 7, 2022 This edition of International People Moves details appointments at Lockton, Arch Insurance International and AXA XL. A summary of these...
Japan’s Top Court Orders Damages of $12M for Fukushima Victims in Landmark Decision March 7, 2022 Japan’s Supreme Court upheld an order for utility Tokyo Electric Power (Tepco) to pay damages of 1.4 billion yen ($12...
Re/Insurance Group Aventum Acquires Actuarial Consultant Mulberry Risk March 7, 2022 Aventum, the London-based re/insurance group, has acquired Mulberry Risk, a boutique consultancy providing actuarial, analytical, exposure and capacity management services...
AIA Group Agrees to Buy Bank of East Asia’s Non-Life Insurance Businesses for $278M March 7, 2022 Bank of East Asia (BEA) said late on Friday it has agreed to sell its non-life insurance and healthcare services...
Property, Motor Vehicle Insurance Claims From Severe Australia Floods at A$900M and Rising March 4, 2022 Property and auto insurers in Australia have received 60,163 claims related to the ongoing disastrous flooding in South-East Queensland and...
China Instructs State Insurers to Review Exposure to Russia, Ukraine March 4, 2022 By Ye Xie and Selena Li China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl...