September 19, 2024
Severe rains bucketed down on central Europe, Africa, Shanghai and the US Carolinas this week, underscoring the extreme ways in which climate change is altering the weather. Different meteorological phenomena are behind the series of storms, according to climate scientists, …
September 18, 2024
The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate 2025 to commence underwriting from Jan. 1, 2025. Awbury Syndicate 2025 is focused on credit risks and will initially target …
September 18, 2024
Generali has reached an agreement to sell its 99.99% stake in its Turkish business, Generali Sigorta A.Ş., in a deal struck with four buyers in Turkey. Kiler Holding A.Ş. is buying a 42% stake in Generali Sigorta; Ekol Girişim Sermayesi …
September 18, 2024
Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for …
September 18, 2024
Volunteers and emergency personnel raced to secure river banks and buildings in Poland and Hungary on Tuesday as flood waters that have wreaked havoc across central Europe began to rise in new areas and the Czech Republic reported another death. …
September 18, 2024
Canadian Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable, a critical political issue that has hurt Prime Minister Justin Trudeau and his Liberal government. Freeland said …
September 18, 2024
Floods in Africa that are displacing millions of people from Guinea on the west coast to the Central African Republic more than 2,000 miles to the east are prompting warnings of dam bursts and disease. In Chad, rising waters in …
September 18, 2024
Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …
September 18, 2024
Executive Summary: Artificial intelligence (AI) is on the brink of transforming most aspects of business, including insurance, but it needs to be used responsibly, according to Zywave Chief Technology Officer Doug Marquis, who discusses some of the practical steps insurance …
September 17, 2024
This edition of International People Moves details appointments at AXIS Capital Holdings and Marsh McLennan. A summary of these new hires follows here. AXIS Names Chubb’s Mitchell as Head of Global Markets, Succeeding Gregory AXIS Capital Holdings Ltd., the Bermuda-based …