Cyber Hack to Cost UK Outsourcer Capita Up to $25M May 10, 2023 By Sarah Young British outsourcing company Capita warned it would take a 15 million pound to 20 million pound ($25 million) hit after...
No Quick Deal in Sight as EU Countries Start Talks on New Russia Sanctions May 10, 2023 By Gabriela Baczynska European Union states were holding a first discussion on Wednesday on proposed new sanctions over Russia’s war in Ukraine that...
FERMA: Appeal of Cyber Insurance May Weaken Without ‘Concerted Dialogue’ May 10, 2023 The Federation of European Risk Management Associations (FERMA) said it has concerns that the cyber insurance market is “evolving in...
BIBA CEO White to Retire Before Year End May 10, 2023 Steve White, the longest-serving chief executive officer in the 47-year history of the British Insurance Brokers’ Association (BIBA), has announced...
Guyana’s Environmental Agency Appeals Court Decision Against Exxon May 9, 2023 By Kiana Wilburg Guyana’s environmental regulator on Tuesday appealed a court decision that last week declared that the agency and Exxon Mobil unit...
EU Set for Tough Talks After Lawmakers Back Stricter Methane Rules May 9, 2023 By Kate Abnett The European Parliament voted on Tuesday in favor of rules that would force companies selling oil and gas in Europe...
People Moves: AXIS Appoints Gregory Head of Global Markets, McKenna Head of North America May 9, 2023 AXIS Capital Holdings Limited announced the following appointments within its specialty insurance business: Mark Gregory as head of global markets...
People Moves: BHSI Promotes Browne, Holmes to Global U/W Posts; AXA XL Bolsters Energy Team With 3 Hires; MGA Alta Signa Names Marongiu Technical Head of Cyber U/W May 9, 2023 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), AXA XL, and the MGA Alta...
Client, Reinsurer Expectations Were Better Aligned at April Renewals: Swiss Re May 9, 2023 While the January reinsurance renewals proved to be the toughest and most gruelling for decades, the April 1 renewals, driven...
EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals May 9, 2023 By Huw Jones Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across...