Japan’s Powerful Earthquake Estimated to Cost Insurers $2 Billion-$4 Billion: Verisk March 24, 2022 The powerful earthquake that jolted Japan’s northeast coast last week is expected to cause insured property losses between $2 billion...
Lloyd’s Expects ‘Major Claim’ From Russia-Ukraine War, Reports ‘Strong’ Profit in 2021 March 24, 2022 Lloyd’s, the world’s leading insurance and reinsurance marketplace, announced “a strong return to profitability” in its 2021 full year financial...
Generali Suspends CEO Donnet’s Internal Rival in Ongoing Power Struggle March 24, 2022 Insurer Generali said on Wednesday it had suspended Luciano Cirina, its head of Austria and CEE countries, who has been...
Vienna Insurance Group Completes Purchase of Aegon’s Hungary Business for €620M March 24, 2022 By L.S. Howard Vienna Insurance Group (VIG) acquired the business of the Dutch insurer Aegon in Hungary for €620 million ($682.6 million) after...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms March 24, 2022 By Siddharth Philip and Eliza Ronalds-Hannon Russia’s move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave...
People Moves: TigerRisk Hires Aon’s Tuttle as Sr. Reinsurance Broker; HDI Promotes 3 for UK, Ireland Teams; BMS Taps Howden’s Powell as Chief Commercial Officer March 23, 2022 This edition of International People Moves details appointments at TigerRisk Partners, HDI Global, and BMS. A summary of these new...
Acrisure Acquires MGA Platform Volante Global From Markel’s Nephila March 23, 2022 Acrisure, the Grand Rapids, Mich.-based financial services and insurance brokerage firm, announced it is acquiring Volante Global, a multi-class, multi-territory...
Update: One of Two Flight Recorders Located From China Eastern Plane Crash March 23, 2022 By Bloomberg News The cockpit voice recorder from the China Eastern Airlines Corp. aircraft that crashed on Monday has been found and sent...
European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules March 23, 2022 By Frances Schwartzkopff and John Ainger European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow...
Russia Offers to Compensate Foreign Lessors of Commandeered Jets March 23, 2022 By Christopher Jasper Russia offered to compensate owners of jets commandeered by the country, a bid to smooth relations with leasing companies that...