Intrepid Reinsurance Execs Take on Extreme Challenge in ‘World’s Toughest Row’ June 15, 2023 By L.S. Howard Four intrepid reinsurance executives from Convex and Swiss Re are rowing from Monterey, Calif. to Hawaii – as part of...
Private Equity Firm TA Associates Weighs Sale of Australian Insurance Broker Honan June 14, 2023 By Manuel Baigorri Private equity firm TA Associates is exploring a sale of its stake in Australian insurance broker Honan Insurance Group Pty...
London Court Orders UK-Registered Firm to Pay More Than $1M to Beirut Blast Victims June 14, 2023 By Maya Gebeily A London court has ordered a British-registered company to pay more than 800,000 pounds ($1 million) in damages to victims...
North Korean Hackers Stole $100 Million in Recent Cryptocurrency Heist: Analysts June 14, 2023 By Raphael Satter North Korean hackers stole more than $100 million worth of digital currency in a recent heist affecting users of the...
UN Secures Insurance Coverage to Salvage Rusting Oil Tanker off Coast of Yemen June 14, 2023 By Samy Magdy The United Nations Development Programme (UNDP) announced the successful binding of insurance coverage for the mission coordinated by the United...
The Dangerous $140M Mission to Defuse an Oil Tanker Ready to Explode June 14, 2023 An operation is finally underway to transfer the oil from a stricken tanker off the coast of Yemen that maritime...
Zurich Insurance Eyes Buying $400M Stake in General Insurance Arm of India’s Kotak June 14, 2023 By M. Sriram Zurich Insurance Group is in talks to buy up to 51% of India’s Kotak General Insurance, two sources with direct...
People Moves: Guy Carpenter Expands Cyber Team With Key Appointments; Aspen Appoints AXA XL’s Welch as Chief Underwriting Officer, Reinsurance June 13, 2023 This edition of International People Moves details appointments at Guy Carpenter and Aspen Insurance Holdings. A summary of these new...
Lloyd’s and Dubai Partner to Launch Insurtech Accelerator June 13, 2023 Lloyd’s, the marketplace for commercial, corporate and speciality risk solutions, has announced a partnership with Dubai’s Department of Economy and...
Brazil Court Backs Government in $24B Tax Dispute; Ruling Hits Insurers, Banks, Brokers June 13, 2023 A majority of judges on Brazil’s Supreme Court voted on Monday to back tax authorities in a judgment on how...