Reinsurance

Underwriters puzzle over how to make pandemics insurable again

International News       May 09, 2021

  London, May 10: When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French...

AXA halts ransomware crime reimbursement in France

International News       May 07, 2021

  BOSTON - In an apparent industry first, the global insurance company AXA said Thursday it will stop writing cyber-insurance policies in France that reimburse customers for extortion payments made to ransomware criminals. AXA, among Europe's top five insurers, said it was suspending the option in...

UK court to reconsider $6.9 bln Brazil dam lawsuit against BHP

International News       May 07, 2021

London's Court of Appeal will hear a request to revive a 5 billion pound ($6.95 billion) lawsuit against Anglo-Australian mining group BHP over a 2015 dam failure in Brazil, a court order showed. Judge Nicholas Underhill has agreed to an oral hearing that could help...

Egyptian court rejects appeal against detention of ship in Suez Canal

International News       May 06, 2021

  Cairo: An Egyptian court on Tuesday ruled that the container ship which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said. The Ever Given, one of...

Aon forms EMEA M&A and Transaction Solutions Advisory Board to support growth and expansion of M&A practice

International News       May 06, 2021

  LONDON: Aon plc a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces the formation of its EMEA M&A and Transaction Solutions Advisory Board. The new advisory board will support the growth and development of Aon’s M&A...

Covid, Cyber, Compliance and ESG top risk concerns for financial services sector: Allianz

Articles       May 06, 2021

  LONDON/NEW YORK/SINGAPORE:   Financial institutions and their directors have to navigate a rapidly changing world, marked by new and emerging risks driven by cyber exposures based on the sector's reliance on technology, a growing burden of compliance, and the turbulence of Covid-19, according to a new...

Debris from China space rocket likely to fall in international waters -Global Times

International News       May 05, 2021

Debris from a Chinese rocket that sent part of a planned space station into orbit last week is likely to fall in international waters, China's Global Times reported on Wednesday, amid concerns it could cause damage on re-entry to Earth. The Long March 5B blasted...

Markel Singapore appoints financial lines underwriter

International News       May 04, 2021

  Singapore: Markel International, the specialist insurer, has appointed Joe Wong, as a specialist financial lines underwriter in Singapore to strengthen the Company’s financial lines product offerings in Singapore and Southeast Asia. Reporting to Simon Moi, head of professional and financial risks, Joe will underwrite a...

Warren Buffett,CEO, Berkshire Hathaway Inc

Warren Buffett says Greg Abel is his likely successor at Berkshire Hathaway

International News       May 03, 2021

  Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief executive if he were to step down. Buffett, 90, told CNBC that "the directors are in agreement that if...

Liberty Mutual puts Australian coal project on hold

International News       Apr 30, 2021

U.S. insurer Liberty Mutual will not be filing an environmental impact assessment for a coal project in Australia, it said on Friday, missing a deadline as it weighs alternatives for the proposed mine. Community groups worried about pollution and climate change have been pushing the...

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