El NiƱo to Trigger Drought Insurance Payouts in Four Southern African Countries April 18, 2024 By Antony Sguazzin A drought driven by the El Nino weather pattern is likely to trigger insurance payouts to four southern African countries...
Update: Nord Stream Insurers Deny Policies Covered War Risks in UK Lawsuit April 18, 2024 Nord Stream’s insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the...
Climate Change to Cause $38 Trillion a Year in Damages by 2049 April 18, 2024 By Laura Millan Climate change will inflict losses to the global economy worth an annual $38 trillion by 2049, as extreme weather ravages...
Britain’s Insurers Under Pressure Over Spike in Car Insurance Premiums April 18, 2024 By Huw Jones The rising cost of car insurance has triggered a barrage of complaints in the cost of living crisis, Britain’s financial...
Dubai’s Record Rain Floods Expensive Homes and Halts Flights April 18, 2024 By Verity Ratcliffe and Kateryna Kadabashy Dubai flights have been severely disrupted and cars were left stranded on flooded roads after record rainfall over the past...
Rupture on TC Energy’s NGTL Gas Pipeline Sparks Wildfire in Alberta April 17, 2024 By Anushree Ashish Mukherjee A section of TC Energy’s NGTL gas pipeline system in Alberta ruptured and caught fire on Tuesday, sparking a wildfire...
Time-Tested Loss Reserving Methods Challenged: AM Best April 17, 2024 Reflecting on one of the trends that surfaced as property/casualty insurers announced 2023 financial results recently, AM Best expects reserve...
Aspen and Allianz’s PIMCO Launch Casualty-Focused Reinsurance Vehicle April 17, 2024 Aspen Insurance Holdings Ltd. and PIMCO Investment Management Co. announced the formation of Pando Re Ltd., a Bermuda-domiciled collateralized re/insurer...
Howden’s DUAL Acquires Swiss Re’s Marine Team to Support Growth Ambitions April 17, 2024 DUAL, the specialist underwriting arm of Howden Group Holdings, announced it has significantly strengthened its marine capability in Europe with...
Coral Reefs Around World Undergoing Mass Bleaching as Oceans Warm: Scientists Warn April 17, 2024 By Alexa St. John Coral reefs around the world are experiencing global bleaching for the fourth time, top reef scientists declared Monday, a result...