International & Reinsurance News

Gender Pay Gap in Australia Is Worst in Insurance and Finance Industries: Study

Australia is losing momentum in efforts to bring equality to the workforce, with a new study finding that it will probably take another 26 years until women are paid the same as men. The gender pay gap is worst in …

Container Ship Could Block Suez Canal Like a ‘Beached Whale’ for Weeks

ISMAILIA, Egypt – A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global …

Generali Raises Bid for Aviva Poland in Battle with Dutch Insurer NN: Sources

MILAN – Italian insurer Generali has nudged up its bid for Aviva’s Polish arm, valuing the business at almost 2.5 billion euros ($3 billion), in a last-ditch effort to prevail over Dutch insurer NN, two sources familiar with the matter …

When Normal Lloyd’s Trading Returns, Brokers Urge Work Flexibility, Less ‘Stuffy’ Dress Code

LONDON – When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers took a swipe at tradition on …

Huge Backlog of Ships Waits for Salvage Team to Re-Float Vessel Blocking Suez Canal

A huge backlog of vessels was building up around the Suez Canal amid warnings that the salvage team could need days — or even weeks — to prise out the giant container ship that’s blocking the crucial waterway. Work to …

Towergate Buys AFL Retail Team, Following a Separate AFL Team Move Last Week

Towergate Insurance Brokers announced it has exchanged contracts to purchase the corporate retail book of business from AFL Insurance Brokers, which includes a team of 13. This deal comes on the heels of last week’s announcement that a team of …

Lawsuit Against BHP over Brazil Dam Collapse Fails on Appeal in English Court

LONDON – A 200,000-strong Brazilian claimant group said on Wednesday it had failed to resurrect a 5.0 billion pound ($6.9 billion) English lawsuit against Anglo-Australian mining giant BHP over a devastating 2015 dam failure. The Court of Appeal agreed with …

Insurers of Container Ship Aground in Suez Canal Face Millions in Claims

LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday. The 400-meter, 224,000-tonne …

Authorities Working to Free Giant Stranded Container Ship Blocking Suez Canal

CAIRO – The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world’s largest container ships after it ran aground in the Suez Canal. The 400-meter, 224,000-tonne Ever …

People Moves: Carpenter’s Sicard to New Dawn; RFIB’s Stratton to Corant; Saul to BMS; Miller Hires

This wrap-up of International People Moves details recent appointments at three brokers and an insurance group: New Dawn Risk, Corant Global, BMS and Miller. A summary of these new hires follows. New Dawn Risk Group Ltd., the London-based specialist insurance …

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