Russia Defaults on Foreign-Currency Debt for 1st Time in More Than a Century June 27, 2022 By Giulia Morpurgo and Libby Cherry Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions...
Flood Alert in China’s Manufacturing Hub at Highest Level June 24, 2022 China’s manufacturing hub of Guangdong raised its flood warning to the highest level due to the worst rains in decades,...
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc. June 24, 2022 By L.S. Howard The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and...
Insurers Among Investors as Canada’s Brookfield Raises $15B for Climate Fund June 24, 2022 By Niket Nishant and Cole Horton Canada’s Brookfield Asset Management said on Wednesday it had raised $15 billion for its first impact fund focused on the...
Gallagher Acquires Ireland’s INNOVU Group June 24, 2022 U.S. based global insurance broker Arthur J. Gallagher & Co. reports it has purchased Wexford, Ireland-based INNOVU Group Holding Co....
Argo Group Names Bradley CEO as Rehnberg Departs June 24, 2022 Thomas A. Bradley has stepped into the role of chief executive officer of Argo Group International Holdings Ltd., the Bermuda-based...
Ukraine Crop-Handling Port Damaged in Russian Attacks, Adding to Farm Sector Losses June 24, 2022 By Archie Hunter, Tarso Veloso and Megan Durisin Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in...
People Moves: Ed Broking’s Baird Takes Leadership Role at Aventum; Chubb Appoints AGCS’ Nicklin as Global Client Executive for UK, Ireland June 23, 2022 This edition of International People Moves details appointments at re/insurance broker Consilium and the insurer Chubb. A summary of these...
Financial Conduct Authority Fines JLT Specialty £7.8 million June 23, 2022 The Financial Conduct Authority (FCA) has levied a fine of £7,881,700 against insurance broker JLT Specialty Ltd. for financial crime...
Markets/Coverages: Nexus Creates Financial Unit; PERILS Expands Its Japan Data; Amber Secures Digital Wallet Cover June 23, 2022 Nexus Underwriting Establishes Financial Lines Division, Nexus Frontier Independent specialty managing general agent Nexus Underwriting reports it has formed a...