UK Judge Blocks Nigerian Court’s Oil Spill Damages Order Against Shell December 8, 2019 By Eddie Spence Royal Dutch Shell Plc units won a UK ruling preventing London courts from enforcing a $516 million Nigerian judgment for...
Political Risk Losses Up in 2019, Hitting 68% of Surveyed Firms: WTW December 6, 2019 A survey of 41 major corporations by broker Willis Towers Watson found that 61% believe political risk levels increased in...
U.K. Investment Firm Centricus Forms Insurance Venture with Ex-Goldman Partner December 6, 2019 By Dinesh Nair Centricus, the U.K. investment firm that helped SoftBank Group Corp. raise its $100 billion Vision Fund, is entering the insurance...
Pirates Hijack Fully Loaded Supertanker Off Nigeria, Kidnapping 19 Crew December 6, 2019 By Olivia Konotey-Ahulu Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells...
Gallagher Names Partington CEO of Canadian Brokerage Operations December 6, 2019 Gallagher, the Rolling Meadows, Ill.-based insurance broker, has named Dave Partington as CEO of its Canadian retail property/casualty brokerage operations,...
Swiss Re to Sell U.K. Insurer ReAssure to Phoenix Group for $4.3B in Cash, Shares December 6, 2019 Swiss Re announced an agreement to sell its U.K. life subsidiary ReAssure Group plc to Phoenix Group Holdings plc. As...
Australia’s Bushfires Push Choking Haze over Sydney December 5, 2019 By Sybilla Gross Sydney is world famous for its shimmering harbor and clear blue skies. Not this summer. As bushfires ravage the country’s...
Trov, U.K.’s Lloyds Banking Group Partner on Digital Renters Insurance App December 5, 2019 Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds...
Lloyd’s Launches Space Insurance Policy for Emerging Private Space Sector December 5, 2019 Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to...
Arthur J. Gallagher & Co. Acquires Australia’s Blueleaf Consulting December 5, 2019 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of North Sydney, New South Wales, Australia-based...