Cost of UK Auto Insurance in 2021 at 6-Year Low, but Cost Pressures Begin to Bite: ABI February 7, 2022 The average price paid by motorists for their motor insurance in 2021 fell to its lowest level in six years...
Shares in French Care Homes Company Korian Drop as It Faces Group Lawsuit February 7, 2022 Shares in French care homes company Korian slid lower on Monday after a Paris lawyer said she was preparing a...
Cybercrime Gang Tied to Ransomware Attacks in Germany, Colonial Pipeline Hackers February 4, 2022 By Ryan Gallagher A Russia-linked cybercrime gang was allegedly responsible for ransomware attacks that took down a swath of Germany’s fuel-distribution system this...
Beazley’s Digital Division Launches, Aiming to Transform Brokers’ Access February 4, 2022 Beazley announced that its global digital trading division, Beazley Digital, is up and running. The new hub brings together underwriting,...
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...