Lockton Re Hires Moore, Boon for Non-Marine Retrocession, Property Specialty Lockton Re, the global reinsurance business of the largest privately held independent insurance broker, announced that Simon Moore and James Boon have joined the Non-Marine Retrocession and Property Specialty division …
HANOI, Vietnam (AP) – Vietnam was seeking more information Thursday about a Vietnamese oil tanker that was seized at gunpoint last month by Iranian soldiers in the Gulf of Oman, while vowing to ensure the safety and humane treatment of …
IWAKI, Japan – Farmers in Japan’s northeastern Fukushima fear the release of water from the crippled power plant there could revive concerns about contamination and again hit the price of their produce, undoing a decade of slow recovery from nuclear …
UK Culture Secretary Nadine Dorries warned Facebook Inc. and its chiefs are on course for criminal prosecution for failing to reign in the harmful effects of its platform. “Why would we give them two years to change what they can …
GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …
LAGOS, Nigeria (AP) – The death toll from the collapse of a high-rise apartment building under construction in Nigeria’s most populous city has risen to 23 with two more bodies recovered Wednesday afternoon, authorities said. Nine people had been rescued …
TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial regulator said on Thursday, lifting a moratorium it imposed in March 2020 and possibly paving the way for a boost …
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. and Somers Re Ltd., respectively. Headquartered in Bermuda, the name …
LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance industry faces exposure to climate change risk …
Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company’s machine learning-focused insurance claims monitoring platform. “By leveraging machine …
