Zurich Completes Acquisition of 70% Stake in India’s Kotak General Insurance June 19, 2024 Zurich Insurance Company Ltd. has completed the acquisition of a 70% stake in Kotak Mahindra General Insurance Co. Ltd. for...
R&Q to File for Liquidation in Bermuda, but Sale of Accredited Will Proceed June 19, 2024 By L.S. Howard R&Q Insurance Holdings Ltd. announced it will file for a provisional liquidation in Bermuda – after it had it had...
Ship Hit by Yemen’s Houthis in Red Sea Has Sunk, UK Navy Says June 19, 2024 By Alex Longley A vessel hit by a sea drone in the Red Sea last week has sunk, the UK Navy said, the...
German Port Workers Strike Could Cost $6 Billion in Lost Trade: Russell Group Analysis June 19, 2024 Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis...
People Moves: Canopius Taps AXA XL’s Houghton as Product Leader, Specialty; Swiss Re Promotes Camara to Head of P/C Re in Northern, Central, Eastern Europe June 19, 2024 This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows...
The Era of Super-Wild Weather Is Already Here June 19, 2024 By Eric Roston, Eamon Farhat and Brian K. Sullivan Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing...
UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom June 19, 2024 By Ryan Gallagher A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that...
EU Regulators Call for Changes to Landmark ESG Rulebook June 19, 2024 By Frances Schwartzkopff Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators...
Zurich Insurance to Sell Downtown Madrid Offices for About €100 Million June 18, 2024 By Carmen Arroyo, Rodrigo Orihuela and Ben Sills Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about...
Vantage Group Chairman and Former Arch CEO Iordanou Dies June 18, 2024 By L.S. Howard Constantine “Dinos” Iordanou, the chairman of Vantage Group Holdings and former chairman and chief executive officer of Arch Capital Group...