Hiscox Completes Legacy Reinsurance Deal with Enstar Group June 3, 2021 Bermuda-based specialist insurer Hiscox Ltd. has completed a loss portfolio transfer (LPT) agreement with Enstar Group Ltd., whereby Enstar’s Syndicate...
Fire-Gutted Container Ship Raises Oil Spill Concerns for Sri Lanka June 3, 2021 By Anusha Ondaatjie and Asantha Sirimanne Salvors and authorities are watching for any leaking of fuel after halting efforts to tow a fire-gutted container vessel away...
BHP to Spend Up to $93M for Environmental Repairs, Reparations in Chile June 3, 2021 By Fabian Cambero and Aislinn Laing SANTIAGO – Mining group BHP will spend up to $93 million in environmental repairs and reparations after a Chilean court...
Broker Howden Launches World’s 1st Fully Sustainable Insurer, Parhelion June 2, 2021 Howden, the London-based insurance broker, announced it is launching a UK insurer called Parhelion, which it describes as “the world’s...
People Moves: Aon’s Bonner to TigerRisk; Trivitt Promoted at AXIS, RSA’s Birre Julvécourt to BHSI in France June 2, 2021 This wrap-up of international People Moves details recent appointments at TigerRisk Partners (which is launching a global trade credit, surety...
Fitch Affirms Intact’s Ratings After RSA Acquisition; RSA Subsidiary Upgraded to ‘AA-‘ June 2, 2021 Fitch Ratings has affirmed the Insurer Financial Strength (IFS) ratings of Intact Financial Corp.’s insurance subsidiaries at ‘AA-‘ (very strong),...
Climate Change Protesters Set Off Stink Bomb at Lloyd’s of London in Ongoing Activism June 2, 2021 By L.S. Howard Climate change protesters continued their focus on Lloyd’s as a major insurer of the fossil fuel industry by setting off...
Russia-Linked Hacking Group Is Behind JBS Cyber Attack: Sources June 2, 2021 By Jennifer Jacobs, Kartikay Mehrotra and William Turton A notorious Russia-linked hacking group is behind the cyber attack against JBS SA, according to four people familiar with the...
Banco do Brasil’s Insurance Unit BB Seguridade to Get New CEO: Report June 2, 2021 SAO PAULO – New management at Brazil’s state-controlled Banco do Brasil SA plans to replace the chief executive of insurance...
Willis Towers Watson Launches Sports and Entertainment Industry Group June 1, 2021 Insurance broker Willis Towers Watson announced the launch of a Sports & Entertainment Industry Group to support sports & entertainment...