Russian Missile Strike on Merchant Ship Threatens Ukraine’s Exports November 9, 2023 By Kateryna Chursina A Russian missile strike on a commercial ship at a major Ukrainian Black Sea port is adding to risks for...
Shell Sues Greenpeace for $2.1 Million After Activists Boarded Oil Production Vessel November 9, 2023 By Shadia Nasralla Shell is suing Greenpeace for $2.1 million in damages after the environmental group’s activists boarded the company’s oil production vessel...
People Moves: Ardonagh Specialty Taps Gallagher Re’s Marsh as Deputy CEO of Bermuda, Inver Re’s Head of Retro; Aon Merges UK and EMEA, Naming Page as CEO November 9, 2023 This edition of International People Moves details appointments at brokers Ardonagh Specialty (and its reinsurance unit Inver Re) and Aon....
Insured Losses from Winter Storm Ciarán Range From €800M to €1.3B: Verisk November 9, 2023 Industry insured losses due to wind from Winter Storm Ciarán (also named Emir by the Free University of Berlin) will...
UN Chief Says It Will Be Difficult to Revive Black Sea Grain Deal November 9, 2023 By Alessandra Galloni United Nations Secretary-General Antonio Guterres told Reuters NEXT on Wednesday that it will be difficult to revive a landmark deal...
Insurers Are Still Backing Oil and Gas Industry Despite Rising Climate Threat: Report November 9, 2023 By Gautam Naik Insurers are continuing to provide cover for increased oil and gas production even as they face large losses fueled by...
Ping An Loses $3.1 Billion in Value on Country Garden Buy Report November 9, 2023 By Bloomberg News A report that Chinese authorities asked Ping An Insurance Group Co. to rescue Country Garden Holdings Co. sent the insurer’s...
People Moves: AXA XL Names Gerbaud as CUO for APAC & Europe; Trium Cyber Names Aspen’s Signorelli as MD of Int’l Operations November 8, 2023 This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M November 8, 2023 James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its...
Insurers Review Middle East Events Policies After War Leads to Cancellations November 8, 2023 By Carolyn Cohn and Noor Zainab Hussain Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war...