AXIS Capital’s Syndicate 2050 Gets Full Lloyd’s Approval to Begin Underwriting March 5, 2024 AXIS Capital Holdings announced it has received full approval from Lloyd’s to begin underwriting from April 1, 2024. AXIS first...
People Moves: Aon Promotes Romeo to CEO of Bermuda Reinsurance Operations; Acrisure Re Taps Hodges From Howden Tiger as EVP March 4, 2024 This edition of International People Moves details appointments at Aon’s Reinsurance Solutions Bermuda unit and Acrisure Re in London. A...
UK Insurer Aviva to Enter Lloyd’s Market via Acquisition of Probitas for £242M March 4, 2024 Aviva plc announced it will acquire 100% of Probitas Holdings (Bermuda) Ltd., the parent company of the Probitas Group, for...
War Insurers Shrug Off Rubymar Sinking in Red Sea, Rates Stable March 4, 2024 By Jonathan Saul The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar...
Apple Hit With $2B EU Antitrust Fine in Spotify Case, Will Appeal March 4, 2024 By Foo Yun Chee Brussels fined Apple 1.84 billion euros ($2 billion) on Monday, the iPhone maker’s first ever EU antitrust penalty, for preventing...
North Korea Broke Into South Korean Chip Equipment Firms: Seoul’s Spy Agency March 4, 2024 By Hyonhee Shin North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks...
Infernos Rage From Texas to Australia as Wildfire Season Kicks Off Early March 4, 2024 By Brian K. Sullivan, Jessica Nix and David Stringer After a year of deadly wildfires around the globe, the world is burning again from Texas to Australia — and...
Rising Sea Levels Increase Threat of Arsenic in Drinking Water: Study March 4, 2024 By Kendra Pierre-Louis Rising seas due to climate change could exacerbate the threat of arsenic in drinking water, according to a study published...
Ship Sunk by Houthis Threatens Red Sea Environment, Yemen Gov’t, US Military Say March 4, 2024 By Mohammad Ghobari A UK-owned ship attacked by Houthi militants last month sank in the Red Sea, the U.S. military confirmed on Saturday,...
People Moves: AXIS Promotes Ashby to Chief Commercial Officer; Miller Launches Parametric Team Headed by Glenister From Mastercard March 1, 2024 This edition of International People Moves details appointments at the re/insurer AXIS Capital Holdings and insurance broker Miller. A summary...