Cyber Attack Disrupts Container Operations at Major South African Port July 23, 2021 By Zandi Shabalala and Tanisha Heiberg JOHANNESBURG – A cyber attack has disrupted container operations at the South African port of Cape Town, an email seen...
Germany’s Floods Will See ‘Sizable’ Protection Gap. Could Insurance Demand Increase? July 22, 2021 By L.S. Howard With an insured price tag of €4 billion to €5 billion (US$4.7 billion to $5.9 billion), economic losses from Germany’s...
Major Generali Shareholders Plan to Ask CEO Not to Present New Business Plan: Report July 22, 2021 MILAN – Shareholders representing about 16% of Generali are ready to ask the chief executive not to present a 2022-2024...
Hiscox CEO Masojada to Retire at Year End, Succeeded by CFO Hussain July 22, 2021 Specialist global insurer Hiscox announced that after 21 years as group chief executive, Bronek Masojada plans retire at the end...
Deadly Floods in China, Europe Send Stark Reminder of Climate Change Vulnerabilities July 22, 2021 By Aradhana Aravindan and James Mackenzie Deadly floods that have upended life in both China and Germany have sent a stark reminder that climate change is...
China’s Henan Province Braces for More Rain After Severe Floods Kill at Least 33 July 22, 2021 By Alfred Cang China’s Henan province is bracing for more heavy rain after severe flooding that sparked large-scale evacuations left at least 33...
W.R. Berkley-Backed Vehicle Inspection Firm UVeye Raises $60M in New Round July 22, 2021 By Kiel Porter and Ed Ludlow UVeye, a company that uses artificial intelligence to do fast vehicle inspections, has raised $60 million from investors including used...
Casualty Proves to Be a Good Diversifier for Reinsurers: Aon July 21, 2021 Casualty is proving its value as a good diversifier for reinsurers, especially given the positive primary rate movement seen in...
Munich Re Reports Q2 Profit Increase of 90% July 21, 2021 Munich Re’s net profit in the second quarter rose around 90% from a year earlier, beating expectations and giving it...
Update: China Province Deluged by 1,000-Year Flood, with Rising Death Toll July 21, 2021 By Ryan Woo and Stella Qiu BEIJING – At least least 25 people have died in China’s flood-stricken central province of Henan, a dozen of them...