UBS, DWS Move to Submit Final Bids for NN Group’s Asset Management Arm: Sources June 14, 2021 By Pamela Barbaglia and Tom Sims UBS and German asset manager DWS are pressing ahead with final bids for the asset management arm of NN Group...
Insurance Council of Australia Declares Flood Catastrophe for Regions of Victoria June 14, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for regions of Victoria affected by significant storms and flooding...
Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief June 14, 2021 By Kitty Donaldson Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing...
People Moves: Peak Capital’s Manning to Miller; Carpenter’s Jones to Lockton Re, and Aon’s Mula to McGill and Partners June 11, 2021 This wrap-up of international People Moves details recent appointments at three brokers: Miller, Lockton Re and McGill and Partners. A...
We Can Work It Out: Negotiations Likely on COVID-19 Reinsurance Losses June 11, 2021 By Susanne Sclafane Catastrophe excess of loss reinsurance contracts “never anticipated an event like a pandemic,” but cedents can still expect compromises from...
May’s Global Disasters Include Hailstorms, Floods, Cyclones, Quakes, Volcanic Eruption June 11, 2021 U.S. insurers face a multi-billion-dollar payout from May’s convective storms, which spawned extensive hail, tornado, wind and flood damage across...
SCOR and Covéa Lay Down Legal Swords in Return to ‘Mutually Beneficial Relationship’ June 11, 2021 By L.S. Howard French mutual insurer Covéa and reinsurer SCOR finally laid down their legal swords this week – opting instead for “peaceful...
Keystone XL Oil Pipeline Is Terminated After Years of Climate Activism June 11, 2021 By Jennifer A. Dlouhy TC Energy Corp. has ended its 16-year quest to build the Keystone XL oil pipeline, a controversial cross-border project that...
Brazil Judge Orders Vale to Pay Damages to Families of Victims of 2019 Mining Disaster June 11, 2021 BRASILIA – A regional labor judge has ordered Brazilian miner Vale SA to pay 1 million reais ($197,240) in compensation...
Deloitte Sued for Allegedly Failing to Find ‘Irregularities’ in Audits of Singapore Oil Trader June 10, 2021 By Chanyaporn Chanjaroen A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging...