Liability Reinsurance Crisis Could Be Looming, TransRe CEO Says June 7, 2024 By Susanne Sclafane “There could be a liability crisis in reinsurance in a couple of years,” a reinsurance executive predicted this week. Ken...
Markets/Coverages: MGA Nirvana Renews Media, Tech & Cyber Binder With Increased Media Liability Line June 7, 2024 Nirvana, the London-based managing general agent and Lloyd’s coverholder, announced the renewal of its Media/Technology Errors & Omissions and Cyber...
People Moves: Ascot Underwriting Names Thompson as CEO, Keith Named Head of Ascot Bermuda; Geneva Assn. Appoints AIA’s Top Executive as Chair June 7, 2024 This edition of International People Moves details appointments at Ascot Underwriting Ltd. and Ascot Bermuda, along with The Geneva Association....
Amazon Accused of Misusing Small Sellers’ Data in $1.3 Billion UK Lawsuit June 7, 2024 Amazon is facing a one billion-pound ($1.3 billion) collective lawsuit from British retailers who allege that the online marketplace misused...
Russian Hackers Claim Cyberattack on Spanish Defense Company June 7, 2024 Santa Barbara Systems, a General Dynamics subsidiary in Spain that is refurbishing Leopard tanks for delivery to Ukraine, suffered a...
Insurers to Build Private Credit Exposure in Coming Years: Moody’s June 7, 2024 By Matt Tracy Global insurers plan to invest further in the coming years in the growing but opaque private credit market, according to...
UK Court Decides Aircraft Disputes to Be Heard in Ukraine, Not London June 7, 2024 A legal battle between insurers and aircraft leasing companies over jets stuck in Ukraine should be heard in Ukraine rather...
People Moves: Chubb Promotes Kirk as Division President of Chubb Global Markets; Everest Re Promotes Doshi to Head of North America Treaty Casualty June 6, 2024 This edition of International People Moves details appointments at Chubb and Everest Re. A summary of these new hires follows...
Safety Dangers From Sanctioned Tanker Fleet Growing, Ship Manager Says June 6, 2024 By Jonathan Saul Safety dangers are growing from aging and unregulated vessels, leading ship management firm V.Group told Reuters, adding it had stopped...
Lloyd’s Opening Miami Office to Support Growth in Latin America and Caribbean June 6, 2024 Lloyd’s, the re/insurance marketplace, is opening an office in Miami from Sept. 1, 2024, with an aim to strengthen its...