With cloud seeding, it may rain, but it doesn’t really pour or flood — at least nothing like what drenched the United Arab Emirates and paralyzed Dubai, meteorologists said. Cloud seeding, al...
https://www.insurancejournal.com/news/international/2024/04/26/771754.htm
French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an e...
https://www.insurancejournal.com/news/international/2024/04/26/771750.htm
A US insurance firm with at least $2 billion in exposure to Thames Water Utilities Finance Plc is working with bondholders and advisers to protect their interests ahead of potential debt talks, a...
https://www.insurancejournal.com/news/international/2024/04/26/771733.htm
Russia’s state-owned reinsurer has given financial backing to three Russian insurance firms, allowing them to get Indian approval to provide marine insurance cover to tankers, two sources said,...
https://www.insurancejournal.com/news/international/2024/04/26/771743.htm
The world’s forum for banking regulators on Thursday tightened up its rulebook to focus better on spotting risks from climate change, the rise of non-banks, and digitalisation of finance. The B...
https://www.insurancejournal.com/news/international/2024/04/26/771739.htm
Aon plc said late Thursday that it has completed its $13 billion acquisition of middle-market P/C broker NFP. The purchase price will be funded by $7 billion in cash and $6 billion of Aon stock. ...
https://www.insurancejournal.com/news/national/2024/04/26/771686.htm
A global insurance coalition intended to help curb the sector’s greenhouse gas emissions has relaunched with a new name and weaker membership requirements in response to companies fleeing over ...
https://www.insurancejournal.com/news/international/2024/04/25/771585.htm
Lockton, the independent insurance broker, announced two key senior promotions within its Crisis Management team in London. Helen Sandford has been appointed as head of Special Crime, and Freddie...
https://www.insurancejournal.com/news/international/2024/04/25/771582.htm
Re/insurer Ariel Re and Hiscox Re & ILS, the reinsurance and insurance linked securities arm of insurer Hiscox, announced the launch of CyberShock, a cyber catastrophe consortium. The CyberShock ...
https://www.insurancejournal.com/news/international/2024/04/25/771574.htm
Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds into direct lending opportunities. It’s one of many risks tied to ...
https://www.insurancejournal.com/news/international/2024/04/25/771566.htm
Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale wo...
https://www.insurancejournal.com/news/international/2024/04/25/771559.htm
The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insura...
https://www.insurancejournal.com/news/international/2024/04/25/771550.htm
Upgrading or changing legacy platforms and enterprise software can be a nightmare to disentangle, particularly when dealing with existing operating systems, data storage, and payment processing s...
https://www.insurancejournal.com/news/international/2024/04/25/771530.htm
Global commercial insurance rates increased by 1% on average in the first quarter of 2024, compared with a 2% increase in Q4 2023, according to the Global Insurance Market Index published by Mars...
https://www.insurancejournal.com/news/international/2024/04/24/771354.htm
Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a re...
https://www.insurancejournal.com/news/international/2024/04/24/771348.htm
ICEYE, the microsatellite manufacturer and catastrophe monitoring company, announced definitive agreement signed for an oversubscribed $93 million growth funding round. The financing will further...
https://www.insurancejournal.com/news/international/2024/04/24/771345.htm
Ping An Insurance’s first-quarter net profit fell 4.3%, hit by shrinking returns from property and casualty insurance as well as its asset management operations, the Chinese insurance giant rep...
https://www.insurancejournal.com/news/international/2024/04/24/771334.htm
Jensten is set to further scale its scheme and affinities business with the acquisition of UK broker Robert Gerrard & Co. The deal, which is subject to regulatory approval, will introduce a dedic...
https://www.insurancejournal.com/news/international/2024/04/24/771328.htm
Standard Chartered Plc is facing about £1.5 billion ($1.9 billion) worth of investor claims at a London trial over allegations it systematically breached Iranian sanctions to win new business. A...
https://www.insurancejournal.com/news/international/2024/04/24/771320.htm
Generative artificial intelligence (AI) has sparked a lot of interest from insurers and reinsurers because of its potential to revolutionize innovation, cut costs and improve the customer experie...
https://www.insurancejournal.com/news/international/2024/04/24/771205.htm
This edition of International People Moves details appointments at Arch Insurance International and the MGA Carbon Underwriting. A summary of these new hires follow here. Arch Insurance Internati...
https://www.insurancejournal.com/news/international/2024/04/23/771233.htm
Wildfires erupted across Canada’s main oil producing province of Alberta and an evacuation order was issued as the region braces for a repeat of last year’s unprecedented season. Members of t...
https://www.insurancejournal.com/news/international/2024/04/23/771182.htm
Munich Re said it might beat its profit target for the year after first-quarter profit jumped amid benign expenditures to cover major losses and a strong investment result. Net income rose to abo...
https://www.insurancejournal.com/news/international/2024/04/23/771147.htm
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced a partnership with Safehub, a technology provider in seismic sensor and risk management solutions to offe...
https://www.insurancejournal.com/news/international/2024/04/23/771141.htm
Elon Musk lashed out at Australia’s prime minister on Tuesday after a court ordered his social media company X take down footage of an alleged terrorist attack in Sydney, and said the ruling me...
https://www.insurancejournal.com/news/international/2024/04/23/771135.htm
The heavy rains that flooded Dubai last week halted air traffic, damaged buildings and streets — and left climate experts and common citizens asking whether one of the world’s hottest and dri...
https://www.insurancejournal.com/news/international/2024/04/23/771120.htm
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based broker, announced the acquisition of Australia’s Prasidium Credit Insurance. Terms of the transaction were not disclosed. North Sy...
https://www.insurancejournal.com/news/international/2024/04/23/771107.htm
Grindr Inc. was sued by users for sharing sensitive personal information, including their HIV status, with advertising companies in a London lawsuit. The LGBTQ+ app allegedly shared information t...
https://www.insurancejournal.com/news/international/2024/04/23/771102.htm
This edition of International People Moves details appointments at Nexus Group and PoloWorks. A summary of these new hires follows here. MGA Nexus Taps Willett From Barents Re as Head of Developm...
https://www.insurancejournal.com/news/international/2024/04/22/771044.htm
Global leaders will gather in Canada’s capital this week to discuss progress in drafting a first-ever global treaty to rein in soaring plastic pollution by the end of the year. The hoped-for tr...
https://www.insurancejournal.com/news/international/2024/04/22/771020.htm