Lloyd’s Receives ‘AA-‘ from Its New Rating Agency KBRA April 23, 2021 Kroll Bond Rating Agency (KBRA) has assigned an “AA-” insurance financial strength rating (IFSR) to Lloyd’s with a stable outlook....
Up to 40% of Losses from Frost Damage at French Vineyards Are Uninsured April 23, 2021 PARIS – Frost damage to French vineyards this month could reduce wine production by nearly a third compared with recent...
Ex-Deloitte Auditor Faces Disciplinary Action for Improper Audit of S. Africa’s Steinhoff April 23, 2021 By Janice Kew An ex-Deloitte LLP partner is facing disciplinary action in the Netherlands for an improper audit of Steinhoff International Holdings NV...
AM Best Revises Outlooks to Positive for Convex Group’s Subsidiaries April 23, 2021 AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and...
Climate Change Could Cut Global GDP by 18% by 2050 – If Nothing Is Done: Swiss Re April 22, 2021 If nothing is done to combat climate change, global temperatures could rise by 3.2°C within the next 30 years, shrinking...
People Moves: AXA XL’s Hiscock to AXIS; Carpenter Promotes Gaudron, Hires Willis Re’s den Boer; Dahlmann at Marsh; Forder to Dale Underwriting April 22, 2021 This wrap-up of international People Moves details recent appointments at AXIS Re, Guy Carpenter, Marsh and Dale Underwriting Partners. A...
Philippine Rescuers Find Bodies of 4 Crew Members of Abandoned Cargo Ship; 9 Missing April 22, 2021 MANILA, Philippines – Rescuers in the southern Philippines found the bodies of four crew members Wednesday and rescued seven others...
AXA XL Partners with SpaceAble to Support Operators with Satellites in Low Earth Orbit April 22, 2021 AXA XL Insurance announced it has established a global partnership with SpaceAble, a start-up specializing in space situational awareness (SSA),...
Argo Group Estimates Q1 2021 Catastrophe Losses of $47 Million April 22, 2021 Bermuda-based Argo Group International Holdings Ltd. announced estimated catastrophe losses of approximately $47 million for the first quarter of 2021....
EU Announces Tough Draft Rules on Use of Artificial Intelligence April 22, 2021 By Foo Yun Chee BRUSSELS – The European Commission on Wednesday announced tough draft rules on the use of artificial intelligence, including a ban...