From Wildfires to Floods, Climate Change Worsens Extreme Weather Across Globe December 13, 2021 By Lisa Shumaker and Andrea Januta Extreme weather events in 2021 shattered records around the globe. Hundreds died in storms and heatwaves. Farmers struggled with drought,...
Generali to Focus on U.S., Asia in New Strategic Growth Plan: Report December 13, 2021 By Chiara Albanese and Sonia Sirletti Assicurazioni Generali SpA, Italy’s largest insurer, is preparing to unveil an international-growth strategy to investors this week, according to the...
Insurer Mapfre to Make $983.8M Pay-out for Construction Issues With Colombia Dam December 13, 2021 By Luis Jaime Acosta Spanish insurer Mapfre on Friday signed a contract to make a $983.8 million contingency pay-out to Colombia’s Empresas Publicas de...
British Insurer LV= Rejects Bain Takeover Bid; Royal London Wants to Talk December 10, 2021 By Pushkala Aripaka and Carolyn Cohn British mutual life insurer LV= on Friday abandoned a proposed 530 million pound ($701 million) takeover by private equity giant...
People Moves: Markel’s Hastings Named President of W. R. Berkley Syndicate Mgmt; Chaucer Promotes Sharp to Head of Political Violence & Crisis Mgmt December 10, 2021 This edition of International People Moves covers appointments at W.R. Berkley and Chaucer. A summary of these new hires follows...
M&A Insurance Rates Nearly Double After Explosion of Dealmaking During Pandemic December 10, 2021 By Carolyn Cohn The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said,...
Generali Joins Forces With Accenture and Vodafone to Provide Cyber Insurance Services December 10, 2021 Generali has joined forces with Accenture and Vodafone Business to create a package of cyber insurance services for corporate and...
Swiss Re to Sell elipsLife to Swiss Life, Enters Long-Term Reinsurance Partnership December 10, 2021 Swiss Re announced it has agreed to sell its life insurance subsidiary Elips Life AG (elipsLife) to Swiss Life International...
People Moves: WTW Promotes Rourke to UK Head of P/C Pricing, Product, Claims and Underwriting; Tysers Hires Lockton’s Appleford, Lonmar’s Jenkins December 9, 2021 This edition of International People Moves details appointments at brokers Willis Towers Watson and Tysers. A summary of these new...
Google Sues Russians for Alleged ‘Borderless’ Organized Cyber Crime Operation December 9, 2021 By Jamie Tarabay Alphabet Inc.’s Google is suing two Russian nationals it claims are part of a criminal enterprise that has silently infiltrated...