Leading Marine Re/Insurers Join Push to Decarbonize Global Shipping December 15, 2021 Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon...
Update: Generali’s CEO Bets on Buyback, Dividend Hike, Bold Profit Goals to Keep Job December 15, 2021 By Gianluca Semeraro Italy’s biggest insurer Generali said it would stick to bold earnings goals for 2024, hike dividends and launch its first...
People Moves: WTW’s Swift Joins London Market Group Board; Carbon Underwriting Hires Antares’ Coates; Dale Underwriting Names ArgoGlobal’s Turner for Property December 14, 2021 This edition of International People Moves details appointments at the London Market Group, Carbon Underwriting and Dale Underwriting Partners. A...
Extreme Weather in 2021 Brings Above-Average Claims to Global Insurers: Swiss Re December 14, 2021 Extreme weather events in 2021, including a deep winter freeze, floods, severe thunderstorms, heatwaves and a major hurricane, resulted in...
Brit Pilots 1st Continuous Binder for Delegated Authorities, to Replace Annual Renewals December 14, 2021 Brit Ltd. announced it has piloted the first continuous binder at Lloyd’s for delegated authorities, which will go live in...
Specialist Risk Group Launches MGA Called MX Underwriting December 14, 2021 Specialist Risk Group (SRG) announced the launch of MX Underwriting. Led by Lee Anderson, SRG deputy CEO, and James Gerry,...
Canada’s StoneRidge Insurance Brokers Acquires John Stark & Co. December 14, 2021 SIB Corp., operating as StoneRidge Insurance Brokers (SIB), the Canadian provider of insurance and consulting services, has acquired John Stark...
Swiss Re-Backed FWD Raises $1.4 Billion, Weighs Hong Kong IPO December 14, 2021 By Manuel Baigorri Billionaire Richard Li’s FWD Group Ltd. raised more than $1.4 billion in private placements with investors including an insurer backed...
Insurance Losses for October Storms in Southern Australia Estimated at A$1.03B December 13, 2021 The initial industry loss estimates for Southern Australia’s severe storms, which occurred during the period of Oct. 28-30, 2021, are...
Extreme Winds in Ontario Knock Down Trees, Power Lines, Cutting Electricity for 80,000 December 13, 2021 By Robert Tuttle More than 80,000 customers in Canada’s most populous province remain without electricity after extreme winds swept through several Ontario cities...