Inflation a ‘Major and Growing Concern’ for Reinsurers April 4, 2022 With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly,...
Thailand Revokes Licenses for Two P/C Insurers April 4, 2022 By Suttinee Yuvejwattana Thai Finance Minister Arkhom Termpittayapaisith has revoked the insurance licenses of two companies — Southeast Insurance Pcl and Thai Insurance...
Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources April 4, 2022 By Jonathan Saul Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in...
HSBC’s New Insurance Chief Executive Eyes ‘Crucial’ New Deals in China April 1, 2022 By Denise Wee Greg Hingston, who took over as global chief executive of HSBC Holdings Plc’s insurance unit in January, has had a...
People Moves: AXIS Specialty Europe Names Mullarkey as CEO; SCOR Syndicate Appoints Arch’s Biggas as Active Underwriter April 1, 2022 This edition of International People Moves details appointments at AXIS Specialty Europe and SCOR Syndicate. A summary of these new...
Howden’s Motor Specialist MGA KGM Underwriting Acquires UK Motor MGA Eridge April 1, 2022 KGM Underwriting Services, a UK specialist motor insurer and subsidiary of Howden Group, announced the acquisition of Eridge Underwriting Agency,...
Property Catastrophe Reinsurers Show Greater Risk Appetites as Price Hikes Continue April 1, 2022 Reinsurers have boosted their 2022 probable maximum loss (PML) exposures as higher prices continues to attract more capital to property-catastrophe...
Ukraine to Guarantee Insurance Payouts to Cargo Ships Damaged at Its Danube Ports April 1, 2022 Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050 April 1, 2022 Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations....
U.N. to Hold Companies to Their Net-Zero Pledges With Group of 16 Experts April 1, 2022 By Valerie Volcovici The United Nations on Thursday announced the members of an expert group that will scrutinize corporate pledges to achieve net-zero...