London Turns Into Ghost Town as UK Faces Record-Breaking Wave of COVID Infections December 16, 2021 By Thomas Buckley and Deirdre Hipwell The owner of Parlez, a pub and restaurant in south London, hoped that sales this Christmas would have bounced back...
Typhoon Rai Threatens Philippines, Forcing Thousands to Flee Homes December 16, 2021 By Ditas Lopez Typhoon Rai has rapidly intensified as it nears central and southern Philippine provinces on Thursday, forcing thousands to flee their...
People Moves: AGCS Promotes Williams to CUO Corporate, Succeeding Buckle; Aon Names Irl to U.S. Reinsurance Treaty Team; AXIS’ Gorman to Arrow Risk Mgmt December 15, 2021 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty, Aon’s Reinsurance Solutions team and Arrow...
UK Broker Ardonagh Valued at $7.5B as Abu Dhabi Investment Authority Buys Stake December 15, 2021 By David Hellier Abu Dhabi Investment Authority has acquired a stake in Ardonagh Group in a transaction valuing the U.K. insurance broker at...
KKR Nears Deal to Buy Stake in India’s Shriram General Insurance Ahead of IPO December 15, 2021 By Baiju Kalesh and Anto Antony KKR & Co. is nearing a deal to buy a 10% stake in Shriram Capital Ltd.’s general insurance unit for...
Arctic Region Broke Heat Record in 2020, U.N. Agency Confirms December 15, 2021 An Arctic temperature record of more than 100 Fahrenheit (38 Celsius) was reached in a Siberian town last year during...
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...