Monthly Archives: <span>April 2022</span>

People Moves: QBE Re Names Barber Head of U.S. Treaty, Succeeding Larson; MNK Re Hires Pillay to Lead S. Africa Branch; Francis Promoted to MD, CFC Response

This edition of International People Moves details appointments at QBE Re in the U.S., specialist broker MNK Re Group and MGA CFC Underwriting. A summary of these new hires follows here. QBE Re Names Barber Head of U.S. Treaty, Succeeding …

Familiar Securities Plaintiff Sues to Stop Berkshire’s $11.6 Billion Deal for Alleghany

At least one shareholder of Alleghany Corp. is unhappy with the insurer’s agreement to be bought by Warren Buffett’s Berkshire Hathaway. According to a lawsuit filed April 13 in U.S. District Court for the Southern District of New York, shareholder …

Dog-Related Claims Cost U.S. Home Insurers Nearly $900M in 2021

Dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2021, costing $881 million, according to an analysis by the Insurance Information Institute (Triple-I) and State Farm. The number of …

Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions

Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. The EU has not imposed a …

Swiss Re Chairman Re-elected Despite Proxy Adviser’s Concerns About Diversity

Swiss Re shareholders re-elected Sergio Ermotti as chair, the company said on Wednesday, despite a recommendation by proxy adviser Institutional Shareholder Services (ISS) to vote against him over a lack of gender diversity. Ermotti won 79% of the vote in …

Staff at UK Financial Conduct Authority Vote to Strike Over ‘Unacceptable’ Pay Reforms

Staff at the UK Financial Conduct Authority have voted to go on strike for the first time in a dispute over pay and conditions. Unite, the trade union that represents staff at the regulator, said in a statement on Tuesday …

Update: South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives

South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The heaviest rainfall in at least six decades last …

Climate Change Exacerbates Africa Cyclones: Study

Extreme rainfall in southeast Africa has become heavier and more likely to occur during cyclones because of climate change, according to a new analysis released Monday [April 11] by an international team of weather scientists. Multiple tropical storms that pummeled …

Dutch Bank ABN Amro Apologizes for Historical Role in Slave Trade

ABN Amro apologized on Wednesday for the pain and suffering caused by the involvement of the Dutch bank’s legal predecessors in the slave trade, plantation slavery and the trade in products that originated in slavery. The Dutch were involved in …

U.S. Says Advanced Hackers Have Shown Ability to Hijack Critical Infrastructure

Advanced hackers have shown they can take control of an array of devices that help run power stations and manufacturing plants, the U.S. government said in an alert on Wednesday, warning of the potential for cyber spies to harm critical …