Guyana Weighs Raising Requirements for Insurance Cover for Oil Spills: Official November 23, 2021 By Neil Marks Guyana is getting ready to raise requirements on oil operators to protect the nation against spills and future removal costs...
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount November 19, 2021 By Carolyn Cohn LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove...
LPGA’s Hannah Green Wins Aon Risk Challenge Prize of $1 Million November 17, 2021 Hannah Green of the LPGA Tour has won the 2021 Aon Risk Reward Challenge, a season-long competition that recognizes players...
Aon Founder Ryan Retired at 71, Then He Built a New $10B Business November 1, 2021 By Scott Carpenter By the time he stepped down from Aon Plc at age 71, Patrick Ryan had earned a retirement fit for...
Aon and Cybereason Form Alliance to Help Protect Clients From Cyber Attacks October 22, 2021 Insurance broker Aon and cyber security specialist Cybereason announced an alliance to help protect clients from sophisticated cyber attacks. Cybereason’s...
Activist Investor Starboard Takes New Stake in Willis, Saying Broker Undervalued October 21, 2021 By Scott Deveau Activist investor Starboard Value disclosed a new position in Willis Towers Watson Plc Thursday, and said it believes the insurance...
Canary Islands’ Volcanic Eruption Reminds Insurers of Challenges of Non-Modeled Perils October 18, 2021 The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of...
People Moves: Aon Names WTW’s Forsgård as CEO, Nordic Region; Marshmallow Hires Gillard as Chief People Officer; Sedgwick Appoints Norman for Biz Development October 15, 2021 This edition of International People Moves details appointments at broker Aon, insurtech Marshmallow, and loss adjuster Sedgwick. A summary of...
U.S. Property Insurers Could be Facing $12.5B in Hidden Cyber Losses October 12, 2021 The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and...
Activist Investors Starboard Value, Elliott Management Take Stakes in Willis: WSJ Report October 1, 2021 Activist investors Starboard Value LP and Elliott Management Corp have taken stakes in insurance broker Willis Towers Watson PLC, the...