Rich Nations Face Demands to Pay for Climate Damages Caused by Historical Emissions October 12, 2021 By Todd Gillespie The aftermath of Hurricane Irma has left deep scars in the tiny island nations that were in the path of...
China Evergrande Misses 3rd Round of Bond Payments, Intensifying Contagion Fears October 12, 2021 By Clare Jim and Andrew Galbraith HONG KONG – China Evergrande Group on Tuesday missed its third round of bond payments in three weeks, intensifying market...
Financial Services Groups Urge G20 Leaders to Set ‘Clear, Credible, Ambitious’ Climate Goals October 12, 2021 By Simon Jessop Financial services groups responsible for more than $90 trillion in assets on Monday called for the leaders of the world’s...
MGA Occam Acquires Terrorism Specialist Beech Underwriting Agencies October 11, 2021 Occam Underwriting, the London-based specialist lines focused managing general agency (MGA), announced it is acquiring Beech Underwriting Agencies Ltd., subject...
Howden Acquires Belgian Insurance Broker Sarton & Associés October 11, 2021 Howden, the London-based re/insurance broker, announced the acquisition of Belgian insurance broker, Sarton & Associés. Financial terms of the deal...
New Rules Needed to Deal With Risks From Cloud Computing: Bank of England October 11, 2021 By Huw Jones New rules will be needed to deal with operational risks from banks relying on outsourced “cloud” computing from Amazon, Google,...
Climate Swat Team Aims to Identify When Global Warming Causes Extreme Weather October 11, 2021 By Eric Roston When weather disaster strikes, observers near and far ask the same question: Climate change—is it or isn’t it? The simplest...
Climate Class Action Suit to Proceed Against Australia Government October 11, 2021 By Matthew Burgess A class action lawsuit that claims Australia is misleading investors by failing to disclose the impact of climate risk in...
Russia’s Renaissance Insurance Seeks $1 Billion Valuation in IPO October 11, 2021 By Yuliya Fedorinova and Áine Quinn Renaissance Insurance Group JSC, Russia’s largest online policy provider, set a price range for its initial public offering in Moscow...
People Moves: Gallagher Re’s Bousfield to Lockton Re Bermuda; Atrium Names Munich Re’s Cusition as Marine U/W; MS Amlin Hires RSA’s Forsyth as Lead Class Hull U/W October 8, 2021 This edition of International People Moves details appointments at reinsurance broker Lockton Re and two insurers: Atrium Underwriters and MS...