NFP in Canada and Aviation Broker Piiq Risk Form Exclusive Partnership July 28, 2021 NFP, a New York-based insurance broker and consultant, announced the formation of an exclusive strategic partnership in Canada with aviation...
World Faces Shortage of Sailors for Commercial Ships, Risking Supply Chains: Report July 28, 2021 By Jonathan Saul There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken...
Insured Losses from July Floods in Germany Could Approach $6B: AIR Worldwide July 28, 2021 AIR Worldwide, the Boston-based catastrophe modeling firm, estimates insured losses in Germany from July flooding could approach €5 billion ($6...
Global Commercial Insurance Price Hikes Moderated Further in Q2: Marsh July 28, 2021 Global commercial insurance prices rose 15% in the 2021 second quarter, continuing a stunning track record of increases but far...
London Court of Appeal Agrees to Reopen $7B Brazil Dam-Collapse Lawsuit Against BHP July 28, 2021 By Kirstin Ridley London’s Court of Appeal made a U-turn on Tuesday by agreeing to reopen a $7 billion lawsuit by 200,000 claimants...
People Moves: Covéa Insurance Names Furness CEO; BHSI Hires Chubb’s Alder-Smurthwaite; Pritchard Promoted at Swiss Re Corporate Solutions July 27, 2021 This edition of International People Moves covers appointments at three insurers: Covéa Insurance, Berkshire Hathaway Specialty Insurance and Swiss Re...
Arthur J. Gallagher Ends $3.6B Deal to Buy Willis Re, After Aon-Willis Merger Scrapped July 27, 2021 By L.S. Howard Arthur J. Gallagher & Co. announced it has terminated its May 12, 2021 agreement to acquire Willis Re and certain...
Broker Ardonagh Group Launches Ardonagh Europe to Expand Buy-and-Build Strategy July 27, 2021 The Ardonagh Group announced the creation of Ardonagh Europe as it prepares to take its buy-and-build model to Europe. Ardonagh...
Trans-Siberian Railway Bridge Resumes Operations After Repair of Flood Damages July 27, 2021 MOSCOW — Russia said on Tuesday it had fully restored train travel over a Trans-Siberian railway bridge in its far...
Disruptions from Cyber Attack Force S. Africa Port Operator to Declare ‘Force Majeure’ July 27, 2021 By Felix Njini and John Viljoen Transnet SOC Ltd., South Africa’s state-owned ports and freight-rail company, declared force majeure at the country’s key container terminals after...