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London marine insurers still offering Middle East cover as War Risk rates rise: Gallagher
“Given the challenging maritime security environment, rates have...
Lloyd’s market engaging with US government over Gulf maritime plan, officials say
“Lloyd’s is engaging constructively with the U.S. Development...
Japan shuts down world’s largest nuclear plant hours after restart
TEPCO, as the utility is known, said it was forced to stop the process for the No. 6 reactor at its Kashiwazaki Kariwa plant on Thursday due to an issue with an electrical part, according to a spokesperson. Tokyo:Tokyo Electric Power Co., Japan’s largest utility,...
Soft Market: Munich Re plans relocation of jobs to India Poland
In early January, it became known that the world's second-largest reinsurer plans to relocate jobs primarily to India and Poland as part of an efficiency program. There are no exact figures yet, its new CEO Christoph Christoph Jurecka said Munich Re is under pressure...
EV innovation:Partnership among Root, Admiral Pioneer and Octopus to deliver smarter cover
Emma Huntington, CEO of Admiral Pioneer, said,“We’re partnering with Octopus to bring real innovation to EV salary sacrifice, moving beyond traditional fleet pricing to offer insurance based on individual risk. By combining our deep insurance expertise with Octopus’s...
AIG and CVC strike $3.5B strategic partnership
The strategic partnership includes the establishment of large-scale separately managed accounts (“SMAs”) across CVC’s credit strategies, and the launch of CVC’s private equity secondaries evergreen platform with AIG as a cornerstone investor American International...
Beazley rejects Zurich’s take over offer
“If it makes sense for our shareholders to do a transaction, then we’ll do a transaction,” Beazley Chief Executive Officer Adrian Cox said in an interview. “It just needs to be a Premier League price for a Premier League company.” London:Beazley Plc has rejected...
SCOR and AXA jointly to launch Lloyd’s consortium for ecological restoration insurance
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “Restore enhances the likelihood of successful completion for ecological restoration projects and provides greater project confidence. By partnering with AXA, we can scale our impact and help address one of the...
Korean Re launches operations in India’s GIFT City
JG Won, President & CEO, Korean Re, announcing the launch of company's operations in India's GIFT City in Mumbai on Tuesday ``We will officially commence operations in GIFT City from April 2026. India is a high growth and long term market for us. We will do all...
Severe convective storms: Costliest insured global peril in 21st century, says Aon Report
"This year's report highlights the growing need for collaboration among organizations, insurers, governments and communities.The insurance industry is well-positioned to act as a strategic partner to help navigate these challenges, bringing record levels of capital to...
AM Best revises global reinsurance outlook to Stable from Positive, notes accelerated softening in Property pricing
Although competitive conditions have increased in property catastrophe covers, reinsurers remain disciplined with terms and conditions and attachment points largely intact London: International rating agency AM Best has revised its outlook for the global reinsurance...
Trump’s Greenland threat puts Europe Inc back in tariff crosshairs
The shock move has rattled through industry and sent shockwaves through markets amid fears of a return to the volatility of last year’s trade war, which was only eased with tariff deals reached in the middle of the year. LONDON/FRANKFURT/PARIS: Just as European...