China’s Cities Aren’t Prepared for Extreme Weather Caused by Climate Change August 25, 2021 By Bloomberg News Climate change is making China’s annual summer floods worse, and cities housing millions of people aren’t prepared to handle the...
EY Fined $4.8M by UK Accounting Watchdog Over Audit of Transport Firm Stagecoach August 25, 2021 Britain’s accounting watchdog said on Wednesday it has fined Ernst & Young LLP 3.5 million pounds ($4.80 million) over the...
South Africa’s State Insurer to Raise Premiums to Cover Riot-Related Reinsurance Costs August 25, 2021 JOHANNESBURG – South Africa’s only insurer covering political violence will increase its premiums to cover a rise in reinsurance costs...
Insurer Lessons From UK Court Ruling on Business Interruption: Put Customers First August 25, 2021 By James Harrison COVID-19 has led to the disruption of millions of businesses around the UK, particularly for SMEs who have been beset...
Reinsurance Prices Expected to Harden at Jan. 2022 Renewals – with Less Momentum August 24, 2021 Global reinsurers’ underwriting performance will continue to improve in 2022 as premium rate increases take hold, with further rate hikes...
People Moves: Coomer Joins Swiss Re’s iptiQ as CTOO; COGITANDA Hires Gerety from Liberty Specialty as Chief Ins. Officer; Ki Names Hodgson 1st CTO August 24, 2021 This edition of International People Moves details technology appointments at Swiss Re’s iptiQ and the digital Lloyd’s syndicate Ki as...
Cyber Attacks Make Working From Home Costly for German Businesses: Report August 24, 2021 By Carolynn Look Working from home during the pandemic cost German companies some 53 billion euros ($62 billion) worth of damages from cyber...
Hub International Agrees to Buy Aviva Canada Unit, National Home Warranty Group August 24, 2021 Hub International Ltd., the Chicago-based insurance broker, announced that it has signed a purchase agreement to acquire the assets of...
New Wildfires Break Out on Greece’s Evia Island August 24, 2021 By Elena Becatoros ATHENS, Greece (AP) – Greece’s fire department scrambled firefighting aircraft and ground forces as at least two new blazes broke...
CVC Capital Completes $700M Purchase of RiverStone Europe from Fairfax August 24, 2021 CVC Capital Partners (CVC), the Luxembourg-headquartered private equity firm, announced the completion of its acquisition of RiverStone Europe from Fairfax...