Southern Brazil Hit by Worst Floods in Over 80 Years, Killing at Least 39 People May 6, 2024 By Gabriela Sá Pessoa Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing,...
Yemen’s Houthis Threaten Ships in Mediterranean Sea That Are Sailing to Israeli Ports May 3, 2024 Yemen’s Houthis will target ships heading to Israeli ports in any area that is within their range, military spokesman Yahya...
Tech Update: Marsh McLennan Launches AI Solution to Manage Supply Chain Risks May 3, 2024 Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage...
Israeli Cyber Security Startup Apex Gets Initial Investment From OpenAI’s Altman May 3, 2024 Israeli cyber security startup Apex, which focuses on protecting the rapid use of artificial intelligence (AI) tools, said on Thursday...
AXA’s Q1 Revenues Rise 6%, Led by P/C Business Growth May 3, 2024 By L.S. Howard AXA, Europe’s second-largest insurer, reported a 6% increase in total revenue during the first quarter to €34 billion ($36.4 billion),...
Uber Hit With £250 Million Suit From London’s Black Cab Drivers May 3, 2024 By Upmanyu Trivedi Uber Technologies Inc. was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds...
AXA, Apollo’s Athora Scrap Life-Insurance Deal in Germany May 3, 2024 By Jan-Henrik Förster Athora Holding Ltd., an insurance affiliate of Apollo Global Management Inc., and AXA SA have terminated a deal to transfer...
Lloyd’s Insurers Don’t Expect Large Claims From Baltimore Bridge Collapse May 2, 2024 Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott...
People Moves: Canopius Hires CUO and CFO in Bermuda From Validus and AXA XL; MS Amlin Taps HDI’s Healy as Head of Property & Crisis Management Claims May 2, 2024 This edition of International People Moves details appointments at global specialty re/insurers Canopius and MS Amlin. A summary of these...
MS Reinsurance Gets Ratings Upgrades From AM Best and S&P May 2, 2024 MS Reinsurance, the reinsurance subsidiary of MS&AD Insurance Group Holdings, has received rating upgrades from AM Best and S&P Global...