People Moves: Liberty Specialty Promotes 2, Hires Political Risk U/W; HDI Global Names Röllecke Head of Cyber/Financial; Ex-Lloyd’s CEO Ward Becomes CFC’s Non-Exec. Chair February 4, 2022 This edition of International People Moves details appointments at Liberty Specialty Markets, HDI Global and CFC Underwriting. A summary of...
Natural Disasters Cost Insurers $116B in 2021, or 63% Higher Than Average: Gallagher Re February 4, 2022 Insured losses from major natural catastrophes in 2021 – excluding COVID-related losses – have so far reached an estimated US$116...
LMA Announces ‘At-the-Box’ or ‘In-the-Office’ Availability for Lloyd’s Underwriters February 4, 2022 The board of the Lloyd’s Market Association (LMA) has announced cross-market consensus on underwriters’ in-person availability – either at the...
Giant Maersk Container Ship Towed Free After Running Aground in North Sea February 4, 2022 Tug boats have towed free one of the world’s biggest container ships, the Mumbai Maersk, which had run aground off...
KPMG Sued for £1.3B in UK Over Allegations Carillion Audits Were Negligent February 4, 2022 By Katharine Gemmell and Michael Kapoor KPMG LLP was sued for 1.3 billion pounds ($1.8 billion) by the administrators of defunct UK contractor Carillion Plc. over...
Threat of War in Ukraine Biggest Risk for Insurers of Beijing Winter Olympics February 4, 2022 By Noor Zainab Hussain and Carolyn Cohn The threat of war between Russia and Ukraine is the biggest risk for insurers offering coverage during the Beijing Winter...
Oil Production Vessel Explodes Off Coast of Nigeria February 3, 2022 By William Clowes An oil production ship exploded off the coast of Nigeria in what may prove to be the nation’s second major...
People Moves: Catalina Appoints ERS’ Parker as CEO; WTW Hires Aon’s Grimwade for D&F Team; BMS Names Former Aon Exec Matheson as Canada Chairman February 3, 2022 This edition of International People Moves details appointments at legacy acquisition specialist Catalina Holdings (Bermuda), Willis Towers Watson (WTW) and...
UK Snack Company Hit by Ransomware Attack, Which Could Cause Delivery Delays February 3, 2022 Hackers are hitting Britain where it hurts by targeting some of its favorite savory snacks, with the likes of Hula...
Crypto Platform Wormhole Says ‘Funds Are Safe’ After Hackers Steal $320M February 3, 2022 By Tom Wilson and Pushkala Aripaka Cryptocurrency platform Wormhole said on Thursday that “all funds are safe” after hackers stole more than $320 million from its...