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...
Chubb Launches Insurance for Offshore Wind Farms July 27, 2021 Chubb has announced the launch of an insurance solution for offshore wind farms. Chubb’s Offshore Wind Farm policy has been...
People Moves: ArgoGlobal’s Birtwistle to Howden’s New Reinsurance Casualty Team; Riddell Promoted to CEO of Berkley Re Australia, Succeeding Piper July 26, 2021 This edition of International People Moves covers appointments at London-based broker Howden Reinsurance and Berkley Re Australia. A summary of...
Update: Aon and Willis Terminate $30B Merger; Aon to Pay $1B Break-up Fee July 26, 2021 By L.S. Howard Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their $30 billion business combination agreement...
Global Supply Chains Driven to Breaking Point on New COVID Wave, Natural Disasters July 26, 2021 By Jonathan Saul, Muyu Xu and Yilei Sun LONDON/BEIJING – A new worldwide wave of COVID-19. Natural disasters in China and Germany. A cyber attack targeting key South...