Japan’s Fukushima Plant to Build Undersea Tunnel to Release Nuclear Water Into Ocean August 27, 2021 By Mari Yamaguchi The operator of the wrecked Fukushima nuclear power plant said Wednesday it plans to build an undersea tunnel so that...
Insured Damage From Germany’s Deadly July Floods Estimated at €7B ($8.2B) August 27, 2021 Devastating floods in western Germany last month likely caused insured damage to the tune of about 7 billion euros ($8.2...
Japan Vaccination Drive Faces Possible Setback Due to Contaminated Batch August 27, 2021 By Chang-Ran Kim and Rocky Swift A contaminant found in a batch of Moderna Inc.’s COVID-19 vaccines delivered to Japan is believed to be a metallic...
Ping An Insurance Profit Falls on Land Developer Investments August 27, 2021 Ping An Insurance Group Co. of China, China’s largest insurer by market value, reported a 15.5% fall in first-half net...
Global Insurance M&A Drops 3% in 1st Half of 2021: Clyde & Co. Report August 27, 2021 Mergers and acquisitions (M&A) in the global insurance industry dropped 3% in the first half of 2021 with 197 completed...
KCC Estimates Insured Loss From Hurricane Grace: $300M in Mexico, $30M in Caribbean August 26, 2021 Catastrophe modeling firm the Karen Clark & Company (KCC) estimates that the insured loss to onshore properties from Hurricane Grace...
People Moves: QBE Hires Swiss Re’s Mejia for LatAm Property U/W; Zurich Names Kasahara Chief Data Officer; Occam’s Green Joins Rokstone to Head Power Generation August 26, 2021 This edition of International People Moves details appointments at QBE International, Zurich Insurance, and MGA Rokstone. A summary of these...
Swiss Re Signs $10M Carbon Removal Purchase Agreement to Fight Climate Change August 26, 2021 Swiss Re and carbon removal specialist Climeworks are partnering to combat climate change — by signing the world’s first long-term...
More Canadian Businesses to Introduce Vaccine Mandates for Employees: Minister August 26, 2021 By Steve Scherer More Canadian businesses will introduce COVID-19 vaccine mandates for their employees to safely return to the office amidst a growing...
Canada’s Ruling Party Plans Tax Hike for Big Insurers, Banks to Fund COVID Recovery August 26, 2021 By David Ljunggren and Nichola Saminather OTTAWA – Canada’s ruling Liberal Party said on Wednesday that if re-elected it would raise corporate taxes on the most...