Use of Weather Derivatives Surges as Extreme Climate Events Rock the Globe October 11, 2023 By Harry Robertson Energy companies, hedge funds and commodity traders are stepping up their use of financial products that let them bet on...
People Moves: Gallagher Re Taps RenRe’s Allard as Head of Global Credit & Political Risk; Sompo Int’l Names Heads of Claims, Distribution & Client Relationship Mgmt October 10, 2023 This edition of International People Moves details appointments at Gallagher Re and Sompo International. A summary of these new hires...
Markets/Coverages: Irish MGA iSure Launches Professional Indemnity Facility October 10, 2023 iSure, the specialist SME managing general agent in Ireland, part of the re/insurance MGA Rokstone, has announced the launch of...
Odey Asset Management to Shut Wealth Business in Wake of Sexual Assault Allegations Against Founder October 10, 2023 Odey Asset Management is closing its wealth business, the UK’s Financial Conduct Authority said, months after its founder Crispin Odey...
Hacked Philippine Health Insurer Didn’t Have Cyber Protection Software October 10, 2023 By Cliff Venzon and Ditas Lopez The Philippines’ state health insurer didn’t have cyber protection software when hackers attacked its computers, giving criminals access to the...
UK Financial Services’ Firms Caught in Crossfire of Labour-Tory Business Battle October 10, 2023 By Katherine Griffiths and Joe Mayes Britain’s Labour party has held back the launch of a new business council after senior Conservatives intervened with financial services...
Hacking Groups, Including Some Tied to Russia, Are Attacking Israeli Websites October 10, 2023 By Ryan Gallagher and Jordan Robertson Hacking groups, including some tied to Russia, are attacking Israeli government and media websites, allying themselves with the Palestinian military...
Economic Losses From China Disasters Reach $42B in First Nine Months of 2023 October 10, 2023 China suffered direct economic losses of 308.29 billion yuan ($42 billion) over the first nine months of 2023, the government...
UK Closer to Mandatory CO2 Disclosures With New Guidelines October 10, 2023 By Alastair Marsh The UK just moved a step closer to requiring companies to provide detailed statements on future carbon emissions reductions that...
People Moves: Aon Appoints Reinsurance Leaders in Brazil, Peru; Markel Names Styles Head of Cargo; Arch Global Mortgage Group Promotes Fearon to CEO, Int’l Mortgage October 6, 2023 This edition of International People Moves details appointments at Aon plc, Markel and Arch Capital’s Global Mortgage Group. A summary...