Ransomware Attacks Hit AXA’s Asia Units, New Zealand Health Provider May 19, 2021 By Chalida Ekvitthayavechnukul and Nick Perry BANGKOK (AP) – The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by...
Construction Firm Grupo Carso Faces Probe After Collapse of Mexico City Railway Line May 19, 2021 By Daina Beth Solomon and Cassandra Garrison MEXICO CITY – Mexican billionaire Carlos Slim’s construction arm Grupo Carso faces scrutiny from accident investigators for the possible role...
March Storm in Eastern Canada Cost Insurers C$50 Million May 19, 2021 A storm that moved across eastern Canada from March 26-29 brought heavy rain and strong winds, causing C$50 million (US$41.5...
Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued May 18, 2021 By Sudhi Ranjan Sen and Debjit Chakraborty A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting...
Warming Arctic Permafrost Will Make It Harder to Curb Climate Change: Study May 18, 2021 By Timothy Gardner The warming Arctic tundra will make it harder for the world to curb climate change, as thawing permafrost and wildfires...
Medical Protection Society Receives Approval to Form Full Lloyd’s Syndicate May 18, 2021 Asta, the third-party managing agent at Lloyd’s, announced it has received “in principle” approval from the Lloyd’s Council for the...
Howden’s Data, Digital and Analytics’ Division, HX, Launches in Asia May 18, 2021 HX, the data, digital and analytics division of Howden Group Holdings, announced it has established HX Asia, which enables it...
Rousseau to Replace Kessler as CEO of SCOR, in Change to Succession Plan May 18, 2021 Denis Kessler, SCOR’s chairman and chief executive officer, has decided to step down, for personal reasons, from his role as...
Buffett’s Berkshire Hathaway Takes Big Stake in Aon May 17, 2021 By Jonathan Stempel Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold...
People Moves: Hannover Re’s Bruns to Peak Re; AIG’s Nagra to BHSI; 4 Mosaic Hires May 17, 2021 This wrap-up of international People Moves details recent appointments at Peak Reinsurance, Berkshire Hathaway Specialty Insurance and the new Bermuda-based...