UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown December 12, 2023 Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain...
Ukraine’s Top Mobile Network Operator Hit by Biggest Cyber Attack of War to Date December 12, 2023 By Max Hunder, Jonathan Landay and Stefaniia Bern Ukraine’s biggest mobile network operator said it hoped to restore operations by Wednesday after coming under what appeared to be...
Markets/Coverages: MGA Optio and Insurer Partner AmFirst to Offer Political Violence & Terrorism Cover December 12, 2023 Optio Group, the London-based specialty managing general agent (MGA), announced it has entered into an agreement with a new insurer...
Houthi Militants Hit Fuel Tanker With Missile in Vital Red Sea Trade Artery December 12, 2023 By Dana Khraiche, Mohammed Hatem and Alaric Nightingale A fuel tanker was struck by missile as it navigated the Red Sea, the latest in a string of incidents...
Tech Update: Hiscox London Mkt, Google Collaborate to Boost Underwriting With AI December 12, 2023 Hiscox, the specialist global insurer, has collaborated with Google Cloud to create the first AI-enhanced lead underwriting model in the...
Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets December 12, 2023 By Katy Daigle and Simon Jessop As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days....
People Moves: Papanikolaou to Succeed Mueller as AGCS CEO and Will Lead Allianz Commercial; May Promoted to CEO of Lloyd’s Europe as Breitburd Steps Down December 11, 2023 This edition of International People Moves details appointments at Allianz Global Corporate & Specialty SE (AGCS) and Lloyd’s Europe. A...
China Offers Insurance to Rubber Producers to Encourage Higher Output December 11, 2023 By Mei Mei Chu China’s government said on Monday it has started offering insurance for natural rubber producers, to encourage higher output and increase...
Africa Specialty Risks Gets ‘In Principle’ Approval to Launch Syndicate in 2024 December 11, 2023 Africa Specialty Risks (ASR), the pan-African focused re/insurance group, has received “in-principle” approval to launch a Lloyd’s syndicate in 2024....
Korea Sees Risks to Financial Services Firms From Overseas Property Bets December 11, 2023 By Catherine Bosley Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that...