Australia’s Bushfires Could Surpass 2009’s Costly Season; Analysts, Insurers Comment January 10, 2020 By L.S. Howard Australia’s bushfire season has months to run and could easily surpass the most costly fire season, 2009’s Black Saturday fires...
Scandal-Hit Indonesian Insurer, with $2B Financial Hole, Could Get Government Bailout January 10, 2020 By Fathiya Dahrul and Harry Suhartono Policyholders at Indonesia’s state-owned PT Asuransi Jiwasraya are looking to the government to rescue the scandal-hit insurer, which has uncovered...
Hamilton Rebrands ILS Platform as Hamilton ILS, Promotes Ali as New Lead Executive January 10, 2020 Hamilton Insurance Group Ltd. announced its insurance-linked securities (ILS) platform has a new name and a new lead executive. Formerly...
Hub International Acquires Canada’s RHC Insurance Brokers January 10, 2020 Chicago-based broker Hub International Ltd. announced it has acquired RHC Insurance Brokers Ltd. and RHC Insurance Brokers (Cranbrook) Ltd. Terms...
Earth Is Hotter Than at Any Time Since Start of Industrial Revolution: Report January 10, 2020 By Jonathan Tirone The last five years on Earth have been hotter than at any time since the industrial revolution kicked off almost...
Australians Evacuate Their Homes as Soaring Temperatures, Winds Fan Bushfires January 10, 2020 By Colin Packham and Swati Pandey Australia urged nearly a quarter of a million people to evacuate their homes on Friday and prepared military backup as...
Carpenter’s Global Property Catastrophe Index Rises by 5% in January Renewals January 10, 2020 Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some...
U.K. Lawmakers Approve EU Exit at End of January with 11 Months of Trade Talks Ahead January 9, 2020 Lawmakers approved legislation on Thursday which will allow Britain to leave the European Union on Jan. 31 with an exit...
Willis Re Taps Buxton from Allianz as Managing Director, Int’l Customized Reinsurance January 9, 2020 Willis Re, the reinsurance subsidiary of Willis Towers Watson, announced the appointment of Simon Buxton as managing director of its...
Coverys European Holdings Buys AEC SpA, Rome-Based Lloyd’s Coverholder, Broker January 9, 2020 Coverys European Holdings Ltd. (CEH), the London-based agency platform that invests in managing general agencies (MGAs) in Europe and the...