Hurricane Otis Makes Landfall Near Acapulco as Category 5 Storm October 25, 2023 By Brian K. Sullivan Hurricane Otis made landfall near the tourist hotspot of Acapulco on Mexico’s Pacific Coast as a deadly Category 5 hurricane...
GE, Safran Find Bogus Parts on More Jet Engines in AOG Probe October 25, 2023 By Ryan Beene CFM International Inc. identified more aircraft engines and forged documents linked to the UK parts distributor behind an alleged scheme...
Catastrophe Bond Market Headed for Major Surge in Issuance October 25, 2023 By Gautam Naik The market for catastrophe bonds is one of this year’s best-performing debt classes. It’s also about to see a significant...
Update: Rescuers Call Off Efforts to Find Missing Sailors After Cargo Ship Sinks October 24, 2023 By William Wilkes Rescuers abandoned efforts to find four missing sailors a day after a British cargo ship sank in the North Sea...
People Moves: Marsh Names Thurston CEO, UK Risk Mgmt; Lockton Hires Parle, Patrick and McKay in London; MS Amlin Promotes Cleary to Head of Crisis Mgmt October 24, 2023 This edition of International People Moves details appointments at Marsh, Lockton and MS Amlin. A summary of these new hires...
Howden Buys Portfolio of Broker in Luxembourg, Acquires Belgium Broker WDR October 24, 2023 Howden, the London-based global insurance group, announced it has established a retail presence in the Grand Duchy of Luxembourg with...
Faster Melting of the West Antarctic Ice Sheet Is ‘Unavoidable’ October 24, 2023 By Sana Pashankar The West Antarctic ice sheet is set to melt faster even if the world rapidly cuts emissions, according to a...
Munich Re Lifts Target as Lower-Than-Expected Claims Fuel Profit October 24, 2023 By Stephan Kahl Munich Re raised its profit target for the year as lower-than-expected claims helped push earnings in the third quarter past...
Vesttoo Creditors Say Bankrupt Israeli Insurance Startup Should Liquidate October 24, 2023 By Jonathan Randles Vesttoo Ltd. creditors are seeking to take control of the bankrupt Israeli startup’s court proceedings, arguing the company should liquidate...
Viewpoint: Get Ready Now for the Soft Market (Because It’s Coming) October 24, 2023 By Tony Buckle and John Carolin Executive summary: Tony Buckle and John Carolin, co-founders of the boutique insurance consultancy UWX, analyze underwriter motivation during the soft...