People Moves: Arch Re Appoints Former PartnerRe CUO Schriber as President; WTW Taps Marsh’s Clarke as President, Risk & Broking, Garrard Named Unit’s Chairman July 25, 2023 This edition of International People Moves details appointments at Arch Reinsurance Co. and Willis Towers Watson (WTW). A summary of...
Chubb Seeks 49% of India’s Kotak General Insurance, Has Edge Over Zurich: Sources July 25, 2023 By M. Sriram U.S. insurer Chubb is in talks to acquire a 49% stake in India’s Kotak General Insurance and has become a...
Greece Wildfires Raise Questions for Tourists About Their Travel Insurance Cover July 25, 2023 By Carolyn Cohn, Sinead Cruise and Tom Sims Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised...
Insurtech Accelerant Weighs IPO or Private Share Sale, CEO Says July 25, 2023 By Pablo Mayo Cerqueiro, Echo Wang and David French Accelerant is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider...
UK Court Dismisses Climate Case Against Shell in Blow for Activists July 25, 2023 By Sam Tobin Environmental law charity ClientEarth’s unsuccessful attempt to sue Shell over its climate strategy shows the difficulties in bringing activist shareholder...
Apple Faces $1 Billion UK Lawsuit by Apps Developers Over App Store Fees July 25, 2023 By Foo Yun Chee Apple on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500...
Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes July 25, 2023 By Jonathan Saul Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River...
AGCS and Local Allianz P/C Entities Now Trading as ‘Allianz Commercial’ July 24, 2023 Allianz Global Corporate & Specialty (AGCS) together with the commercial insurance businesses of local Allianz Property & Casualty (P&C) entities...
People Moves: Arch Promotes Blois to Underwriting Mgr, Hires 3 PI U/Ws; Canopius Names CFC’s Gayle as Cyber U/W; WTW Taps Sales From Aon for Large Client GB Team July 24, 2023 This edition of International People Moves details appointments at Arch Insurance, Canopius, and Willis Towers Watson (WTW). A summary of...
Howden Switzerland Acquires Specialist Aviation Broker Hudson Sky July 24, 2023 Howden, the London based insurance group, announced it has acquired Hudson Sky International, a specialist aviation broker in Switzerland. This...