India’s Aviation Regulator Points to Pilot Error in Air India Express Crash August 9, 2020 By Anurag Kotoky The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
New Risk to Global Supply Chains Emerges as Weary Crews, Stuck Offshore, Halt Work August 7, 2020 By Aaron Clark and Annie Lee A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking...
World’s Three Hottest Julys on Record Occurred During Last Five Years August 7, 2020 By Kate Abnett Last month was the world’s third-hottest July on record, new data show — the latest milestone in a global warming...
S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims August 7, 2020 By Emma Rumney South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether...
Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global August 7, 2020 After more than 30 years at Hannover Re, Chief Financial Officer Roland Vogel (60) will retire on Sept. 30, 2020....
Australia to Spend $1.2B to Beef Up Private Sector’s Cyber Defenses After Rise in Attacks August 7, 2020 Australia will spend A$1.66 billion ($1.19 billion) over the next 10 years to strengthen the cyber defenses of companies and...
Third Point Re and Sirius Group Agree to Merger in Deal Worth $788M August 7, 2020 Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, announced they have entered into a...
Ships Diverted to Tripoli to Keep Lebanon Supply Lines Running After Beirut Port Blast August 6, 2020 By Jonathan Saul Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that...
Lloyd’s Broker Ed Taps Ulhaq from RFIB to Expand Int’l Facultative Reinsurance Offering August 6, 2020 Ed, the London-based reinsurance, wholesale and specialty broker, announced the appointment of Assad Ulhaq as senior broker and producer with...