Construction/Engineering Sector Ranks BI/Supply Chain Disruption as Top Risk June 23, 2023 By L.S. Howard Business interruption/supply chain disruption ranks as the top risk facing the construction and engineering sector, which has been hit by...
People Moves: BMS Re Names O’Brien as VP in Bermuda; Guy Carpenter Appoints Howden Tiger’s Warwick as Head of GC Access Asia Pacific June 22, 2023 This edition of International People Moves details appointments at reinsurance brokers BMS Re and Guy Carpenter. A summary of these...
Sedgwick Launches Power and Energy Division in UK June 22, 2023 Sedgwick, the Memphis, Tenn.-based loss adjuster, has launched a new power and energy division in the UK, under the leadership...
Winners of 2023 Insurance Innovation Awards Announced by Accenture, Qorus June 22, 2023 The winners of the eighth annual Qorus-Accenture Innovation in Insurance Awards have been announced. The awards, which honor the best...
London Metal Exchange Failed to Probe Tsingshan Before Nickel Chaos, Court Hears June 22, 2023 By Eric Onstad The London Metal Exchange failed to investigate a large nickel position held by China’s Tsingshan that sparked a chaotic surge...
UK PM Unveils War-Risk Insurance Scheme to Spur Ukraine Reconstruction June 22, 2023 By Jorge Valero, Alberto Nardelli and Olesia Safronova UK Prime Minister Rishi Sunak announced the creation of a framework for war-risk insurance backed by the Group of Seven...
Russia Is Likely to Quit Black Sea Grain Deal in July: Ukraine Envoy June 22, 2023 By Pavel Polityuk Russia is 99.9% certain to quit a U.N.-brokered deal on the safe wartime passage of Black Sea grain next month...
Insurer Capital Rule Changes in UK to Start by End of 2023, Finance Ministry Says June 22, 2023 By Huw Jones Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to “Solvency II” capital rules for insurers,...
London Metal Exchange Canceled Nickel Trades to ‘Save’ China’s Tsingshan, Court Told June 21, 2023 By Sam Tobin, Eric Onstad and Pratima Desai The London Metal Exchange canceled $12 billion worth of trades when nickel prices went haywire in March 2022 to “save”...
Rapidly Melting Glaciers on Highest Mountains Threaten Quarter of Humanity June 21, 2023 By Sreeja Biswas Rapidly melting glaciers in Asia’s Hindu Kush Himalayan region — home to the world’s highest mountains — are threatening the...