Brown & Brown’s Nexus Agrees to Acquire Reinsurance MGA Arma in Dubai January 2, 2025 Nexus Underwriting, a Brown & Brown group business, announced it has entered into an agreement to acquire Arma Fusion Ltd.,...
Owner Seeks Release of Oil Tanker Seized in Finland Cable Probe January 2, 2025 The owner of an oil tanker seized by Finland on suspicion of breaking an undersea power line and four telecoms...
Korea Probes Airport Design as Crash Investigation Turns to Wall December 31, 2024 By Allyson Versprille and Heejin Kim South Korean authorities are investigating airport infrastructure at the site of the country’s worst civil air accident as questions grow...
Two Plane Crashes Lead to Deadliest Year in Skies Since 2018 December 31, 2024 By Angus Whitley, Jinshan Hong and Danny Lee Commercial aviation has suffered its deadliest year since 2018 after the Jeju Air Co. disaster in South Korea and last...
UK Insurer Aviva to Cut Up to 2,300 Jobs in $4.65 Billion Direct Line Deal December 31, 2024 British insurer Aviva could cut up to 2,300 jobs as it takes over smaller rival Direct Line in a 3.7...
Brazil Says Workers at China’s BYD Site Are Victims of Human Trafficking December 31, 2024 By Fabio Teixeira Chinese workers at a construction site in Brazil for a factory owned by China’s electric vehicle producer BYD are victims...
Finland Finds Anchor Drag Marks Left by Tanker That Broke Cables December 31, 2024 By Kati Pohjanpalo Finnish authorities investigating damage to subsea power and data cables found drag marks on the seabed likely left by the...
Loss-Free Property Cat Rates Fall 5%-15% as Reinsurer Appetite Grows: Guy Carpenter December 30, 2024 Global reinsurers’ appetite rose for property catastrophe during the upcoming January renewals, which have seen risk-adjusted reinsurance rate reductions of...
Top International Insurance Journal Stories of 2024 December 30, 2024 By L.S. Howard The top 10 most well-read international stories for 2024 covered a diverse range of topics, including nuclear verdicts, Taylor Swift’s...
Update: South Korea Orders Airline Safety Probe After Worst Domestic Crash Kills 179 December 30, 2024 By Ju-min Park and Hongji Kim South Korea’s acting President Choi Sang-mok ordered on Monday an emergency safety inspection of the country’s entire airline operation as...