Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia October 28, 2022 By Kirstin Ridley and Carolyn Cohn Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG,...
ExxonMobil Exits Russia After Putin Expropriates Assets Valued at More Than $4 Billion October 18, 2022 By Sabrina Valle Exxon Mobil Corp. said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven...
Global Financial Firms Reassess Risks of Operating in China if Taiwan Tensions Escalate September 26, 2022 By Ambereen Choudhury, Natasha White and Denise Wee Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in...
MGA Platform Pine Walk Launches Political Risk, Non-Payment MGA June 15, 2022 Pine Walk Capital Ltd., the London-based specialist MGA platform and Fidelis subsidiary, has launched a seventh MGA, Pernix Specialty Ltd.,...
People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia May 23, 2022 This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance? March 23, 2022 By Tom Hals Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s March 10, 2022 Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility...
People Moves: Hiscox Hires Starr’s Buchanan as Casualty Dir.; Sharpe, Griffiths to Inver Re’s Exec Team; Plumptre, Fox Join Blenheim Underwriting’s Political Risk Team November 19, 2021 This edition of International People Moves details appointments at insurer Hiscox, the reinsurance broker Inver Re, and the Lloyd’s managing...
U.S. Firms Operating in Hong Kong Face Risks, Warns American Chamber of Commerce July 20, 2021 By Zen Soo HONG KONG – U.S. businesses operating in Hong Kong should reassess their operations and decide if the risks of operating...
People Moves: AXA XL Hires AXIS’ Watson as Snr U/W; Hartford’s Pallett to Tegron; Chubb’s Bagaric to BHSI; MGA Spring Hires AXA XL’s Stanford July 13, 2021 These international People Moves detail appointments at AXA XL, Tegron Specialty (the new D&O underwriter), Berkshire Hathaway Specialty Insurance, and...