Generali CEO Says Insurer Has Financial Strength for M&A Deals March 12, 2024 By Sonia Sirletti Italian insurance giant Assicurazioni Generali SpA has the financial means for acquisitions that fit its template for value creation, according...
Tesla Arson Case Shows Need to Protect Power Grid, Says German Utility Westenergie March 12, 2024 By Tom Käckenhoff German policymakers should team up with power grid operators to improve the response to incidents such as the arson attack...
Australia Warns of Critical Financial Risks to Insurers and Banks From Climate Change March 12, 2024 By Ben Westcott Australia’s worsening climate change may see insurance companies and banks withdraw their services from communities vulnerable to extreme events, potentially...
Update: James River Files Suit Against Fleming for Failing to Close Purchase of JRG Re March 11, 2024 By L.S. Howard James River Group Holdings Ltd. announced it has filed a lawsuit against Fleming Intermediate Holdings for its failure to complete...
Lloyd’s Reports Banner Year in 2023 but ‘Disciplined Underwriting’ Must Be Maintained March 11, 2024 By L.S. Howard Lloyd’s strong 2023 results reaffirm the primacy of underwriting, “but it’s one year and therefore not a reason for complacency,”...
Yemen’s Rebels Target Singapore-Flagged Ship in Gulf of Aden March 11, 2024 By Jon Gambrell An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities...
Italy’s Data Watchdog Probes Open AI Tool That Turns Text Into Video March 11, 2024 Italy’s data protection agency said on Friday it had opened an investigation into a service developed by Microsoft-backed Open AI...
People Moves: Aspen UK Names Stanford CEO, Osman Become Active U/W, Lloyd’s Syndicate 4711; Howden Tiger Promotes Chattaraj as Chief Science Officer March 8, 2024 This edition of International People Moves details appointments at Aspen UK and Howden Tiger. A summary of these new hires...
Markets/Coverages: Heinz Offers World’s 1st Ketchup Insurance Policy With 57 Varieties March 8, 2024 Heinz Arabia has announced the launch of the world’s first-ever ketchup insurance policy. The new insurance coverage aims to alleviate...
Deadly Ship Attack Means Red Sea Voyages Need Re-Thinking, Union Says March 8, 2024 By Alex Longley A major transport union urged a full halt of merchant ships sailing through the Red Sea, adding to calls for...