Russian Mining Giant Nornickel Fined $2 Billion for Huge Arctic Fuel Spill February 5, 2021 By Polina Devitt MOSCOW – Russian mining giant Norilsk Nickel was fined $2 billion on Friday for the damage caused by a huge...
How a 2020 Cyber Attack Brought the New Zealand Stock Exchange to Its Knees February 5, 2021 By Jamie Tarabay The website of the New Zealand Stock Exchange slowed to a crawl on a Tuesday afternoon in August. It was...
Irish Pubs Entitled to Get Lockdown Insurance Payments from FBD: High Court Ruling February 5, 2021 DUBLIN – Ireland’s High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for...
Australian Insurers Declare Catastrophe for Perth Hills Bushfires February 5, 2021 The Insurance Council of Australia (ICA) has declared a catastrophe for the Perth Hills bushfires which continue to burn north-east...
Ex-CNA Hardy Executive Brosnan Named CEO of W. R. Berkley Syndicate Management February 5, 2021 W. R. Berkley Corp. announced the appointment of David Brosnan as chief executive officer of W. R. Berkley Syndicate Management...
Vale Agrees to Pay Settlement of $7 Billion for Brazilian Mine Disaster in 2019 February 4, 2021 By James Attwood Vale SA reached a settlement agreement with Brazilian authorities for a dam collapse that killed 270 people and led to...
Property Catastrophe Bond Placement Reaches Record in 2020 and Q4: Aon February 4, 2021 Approximately $11 billion of property catastrophe bond limit was placed in 2020, the highest on record, according to a new...
Quotech and Tenefit Form Partnership to Expand Industry’s Global Risk Intelligence February 4, 2021 Quotech and Tenefit have announced a new partnership to bring new peril and loss-event data into insurance-market systems in real...
Hiscox Appoints Flaquet to Newly Created Role of Chief Transformation Officer February 4, 2021 Hiscox Ltd., the international specialist insurer, announced the appointment of Stéphane Flaquet, who currently serves as CEO of Hiscox Europe,...
Applied Underwriters to Acquire UK Yacht Insurance MGA, Concept Special Risks February 4, 2021 Applied Underwriters announced it will acquire Concept Special Risks, a UK-based international managing general agent, which provides coverage for a...