Japanese Insurers Struggle with Climate Change Cost Estimates June 25, 2021 By Leika Kihara and Takahiko Wada TOKYO – As the world tries to price the cost of climate change, Japan’s second largest non-life insurer MS&AD foresees...
Explaining Climate Change and Financial Disclosure for Insurers June 25, 2021 TOKYO – Japanese financial institutions are struggling to put a price tag on the cost of climate change, an effort...
Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change June 24, 2021 His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit today...
Egypt Expects to Finalize Ever Given Compensation Deal Next Week June 24, 2021 By Abdel Latif Wahba Egypt expects to finalize an agreement next week for compensation over the giant ship that blocked the Suez Canal in...
Arch Reinsurance to Acquire UK’s Somerset Bridge Group June 24, 2021 Arch Reinsurance Ltd., a subsidiary of Arch Capital Group Ltd., announced it plans to acquire Somerset Bridge Group Ltd., Southern...
Chaucer Forms Lloyd’s Consortium for Firms Working on China’s Belt & Road Initiative June 24, 2021 Chaucer, the London-based specialty re/insurance group, announced the launch of a new Belt and Road Consortium at Lloyd’s, which initially...
Singapore Reinsurers’ Association Re-elects Executive Committee June 24, 2021 The Singapore Reinsurers’ Association (SRA) has re-elected three retiring members of its executive team, which resulted in an unchanged EXCO...
EY and Germany’s Finance Minister Blamed for Oversight Failings in Wirecard Collapse June 23, 2021 BERLIN – German lawmakers presenting a report Tuesday into the collapse of the payment processing company Wirecard accused the country’s...
People Moves: Willis Re’s Loggie to TigerRisk; Aon’s Lee to Lockton Re; Wakam’s Mebarki to Miller June 23, 2021 These international People Moves detail appointments at three insurance brokers: TigerRisk Partners, Lockton Re and Miller. A summary of these...
European Commission to Form Cyber Unit to Fight Growing Online Crime June 23, 2021 By Foo Yun Chee The European Commission proposed on Wednesday to pool resources and expertise from the EU’s 27 countries for a joint cyber...