UK’s Flood Re Launches Scheme to Help Homowners Raise Resilience Against Floods April 18, 2022 Flood Re, the joint initiative between the UK insurance industry and the UK government to promote the availability and affordability...
UK Homebuilders Commit More Than £2B to Fix Fire Safety Issues April 18, 2022 By Jack Sidders Developers responsible for building half of the new homes in the UK have committed more than 2 billion pounds ($2.6...
Natural Disasters Cost Global Economy $32B in Q1, With Only $14B Insured: Aon April 18, 2022 By L.S. Howard Preliminary economic losses from natural hazards billion during the first quarter of 2022 totaled $32, of which less than 50%...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results April 18, 2022 Paris-based reinsurer SCOR said the company expects a first-quarter 2022 charge in the high double-digit million euros range for potential...
Crypto Firms Being Targeted by North Korea Hackers, Warns DeFiance Capital Founder April 18, 2022 By Joanna Ossinger All prominent cryptocurrency organizations are probably being targeted by North Korean hackers and should strengthen their cybersecurity, according to the...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia April 15, 2022 By Siddharth Philip and Alberto Nardelli An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held...
Credit Agricole to Bid for Banco BPM’s Insurance Units, in Competition With AXA April 14, 2022 By Alexandre Rajbhandari and Sonia Sirletti Credit Agricole SA intends to bid for Banco BPM SpA’s insurance businesses after having bought a minority stake in Italy’s...
People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response April 14, 2022 This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and...
Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions April 14, 2022 By Julia Payne Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as...
Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity April 14, 2022 Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser Institutional...