Arch Insurance to Buy Allianz’s U.S. MidCorp & Entertainment Insurance Businesses April 5, 2024 By L.S. Howard Arch Insurance North America, part of Bermuda’s Arch Capital Group Ltd., announced it has entered into an agreement to acquire...
EBRD Calls for Subsidized Insurance to Quickly Rebuild Ukraine April 5, 2024 By Kriti Gupta and Anna Edwards Subsidized insurance would attract investors to help rebuild Ukraine’s war-battered economy, according to the European Bank for Reconstruction and Development....
Investment Deficit Puts Planet on Path to Miss 1.5C, Study Finds April 5, 2024 By Natasha White A lack of investment in green energy has left the world on track to overshoot the 1.5C temperature increase that...
Buyers’ Market Prevails During April Renewals as Reinsurers Seek Growth April 5, 2024 Brokers Aon and Gallagher Re described a buyers’ reinsurance market for the April 1, 2024 property and specialty renewals as...
People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA April 4, 2024 This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires...
Japanese Lens Maker Hoya Halts Production After Cyberattack April 4, 2024 Japanese lens maker Hoya Corp. on Thursday said the production of several of its products have stopped after a system...
Lack of Immunity Raises Risk of Bird Flu Pandemic: EU Food Safety Agency April 4, 2024 By Sybille de La Hamaide The EU’s Food Safety Agency (EFSA) warned on Wednesday of a large-scale bird flu pandemic if the virus becomes transmissible...
Colombia Insurers Fear Petro’s Takeover to Spark Health Crisis April 4, 2024 By Andrea Jaramillo and Oscar Medina President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the...
Panama Canal Drought Could Threaten Global Supply Chains, S&P Says April 4, 2024 By Marion Giraldo The severe drought which has forced the Panama Canal, one of the world’s busiest trade passages, to limit daily crossings...
Howden Tiger to Rebrand as Howden Re April 4, 2024 Howden Tiger, the global reinsurance arm of Howden, will rename as Howden Re, effective April 8, 2024. This strategic change...