Australia Begins Clean Up From Bushfires with Insurance Claims Continuing to Rise January 21, 2020 By Rebecca Jones The New South Wales and Victorian state governments will coordinate the clean-up of insured and uninsured residential and commercial properties...
Financial Services CEOs in Davos Complain They Can’t Save Planet Without Clients’ Help January 21, 2020 By Viren Vaghela As the financial industry comes under pressure to avoid funding dirty energy, the heads of Citigroup Inc. and Zurich Insurance...
Hurricane Dorian’s Bahamas Storm Toll: $3.4 Billion in Damages, 3 Years of Rebuilding January 17, 2020 By Ezra Fieser The Bahamas may need to tap international debt markets as it confronts the steep cost of recovering from the most...
Forex Firm Travelex Resumes Customer-Facing Operations After Ransomware Attack January 17, 2020 By Noor Zainab Hussain More than two weeks after a crippling ransomware attack forced Travelex staff to use pen and paper to calculate foreign...
MGA Incubator Castel Taps Carlos from Arch Insurance as Head of Specialty January 17, 2020 Castel Underwriting Agencies Ltd., the managing general agent and club-style MGA formation platform, has announced the appointment of Raoul Carlos...
Liberty Mutual’s Irish Insurer Exits Several Lines Including Commercial Liability, Property January 17, 2020 Liberty Insurance, the Irish subsidiary of Liberty Mutual Insurance Group, is exiting its commercial liability, commercial property and development bonds...
Indonesia Takes Action to Rescue State Insurers, Potentially Raising Funds January 17, 2020 Indonesia will appoint state financial firm PT Bahana Pembinaan Usaha Indonesia as a holding company for state insurers to improve...
Japan Firms Have Done Little to Build Resilience Against Increasing Floods: Reuters Poll January 17, 2020 By Tetsushi Kajimoto and Izumi Nakagawa Japanese companies have contingency plans for the floods that increasingly drench this island nation, but most have done little to...
Ceron Named BMS Latin America & Caribbean COO in Miami January 17, 2020 BMS Group, an independent specialist reinsurance broker, has appointed of Alejandro Ceron as BMS Latin America & Caribbean chief operating...
Chinese Regulator Gears Up for Opening of Financial Sector – and Foreign Competition January 16, 2020 Chinese financial institutions are completely capable of coping with foreign competition as the $40 trillion financial sector is freed up,...