Tech Update: AXA XL Launches Solution to Evaluate and Manage Water Risks October 31, 2023 AXA XL Risk Consulting announced the launch of its Water Impact and Sustainability Evaluation (WISE) tool – a remote, customizable...
Western Europe Braces for Worst Storm of Season With Hurricane-Strength Wind Gusts October 31, 2023 By Anna Shiryaevskaya and Brian K. Sullivan Western Europe is bracing for the worst storm so far this season with hurricane-strength wind gusts and rain potentially disrupting...
Deadly Explosion off Nigeria Points to Threat From Aging Oil Ships Around the World October 31, 2023 By Helen Wieffering and Grace Ekpu OKITIPUPA, Nigeria (AP) – It was the dead of night when the ship caught fire, Patrick Aganyebi remembers, but the...
Threat of Haywire Artificial Intelligence Prompts Calls for Development Pause, AXA Says October 31, 2023 By Romaine Bostick Governments are ill-prepared for the hazards brought on by artificial intelligence and development should be paused, according to a new...
London SPAC to Test Shareholder Appetite for Lloyd’s of London Venture October 31, 2023 By Carolyn Cohn and Pablo Mayo Cerqueiro Financials Acquisition Corp. said Monday it would ask shareholders to back its planned merger with its newly formed insurance venture,...
5 Brokers Report Strong Revenues During Q3 as Favorable Market Climate Continues October 30, 2023 By L.S. Howard Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,”...
Marsh & McLennan Cos. Intends to Delist From London Stock Exchange October 30, 2023 Marsh & McLennan Companies Inc. gave notice of its intention to delist from the London Stock Exchange. Marsh & McLennan...
Panama Removed From Gray List of Financial Crime Watchdog FATF October 30, 2023 By Elida Moreno and Valentine Hilaire Panama has been removed from the gray list of financial crime watchdog FATF, a register which includes countries deemed to...
Otis Likely to Be One of Costliest Hurricanes for Mexico Insurance Market: Gallagher Re October 30, 2023 Hurricane Otis is expected to be one of the costliest natural catastrophe events in Mexico’s history with initial economic losses...
Chinese Online Insurer Shouhui Weighs Hong Kong IPO in 2024 October 30, 2023 By Pei Li Shenzhen Shouhui Technology Group Ltd., a Chinese online insurance platform, is considering an initial public offering in Hong Kong as...