L.S. Howard

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So far L.S. Howard has created 487 blog entries.
13 05, 2022

Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates

By | May 13th, 2022|Uncategorized|Comments Off on Zurich Reports Strong Growth in Q1, Driven by Rising Commercial Insurance Rates

Zurich Insurance Group has made a strong start to the year and expects to exceed all its financial targets for 2022, despite ongoing inflationary pressures. The company has minimal exposure to the war in Ukraine. Premium rates will continue to …

10 05, 2022

Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million

By | May 10th, 2022|Uncategorized|Comments Off on Australia’s AUB Group Agrees to Purchase UK Broker Tysers for US$615.2 Million

Australia’s AUB Group has entered into a binding agreement to purchase UK insurance broker Tysers for A$880 million (US$615.2 million). AUB Group recently raised A$350 million (US$244.7 million) from existing institutional investors and new investors, which will fund the transaction, …

29 04, 2022

Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire

By | April 29th, 2022|Uncategorized|Comments Off on Is AXIS Selling Its Reinsurance Business? Some Say: Where There’s Smoke, There’s Fire

AXIS Capital Holding’s chief executive officer would not comment on reports that the company is looking to sell its reinsurance unit. But a market commentary from Wells Fargo Securities said: “Where there’s smoke, there’s fire.” During a first quarter earnings …

22 04, 2022

Ending U.S. Reinsurance Collateral Requirements — It’s Been a Long Time Coming

By | April 22nd, 2022|Uncategorized|Comments Off on Ending U.S. Reinsurance Collateral Requirements — It’s Been a Long Time Coming

Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States — changes that have been more than 20 years in the making. Effective Oct. 1, 2022, reinsurers, which …

8 04, 2022

Malloy Departs SiriusPoint, a Year After Company’s Launch

By | April 8th, 2022|Uncategorized|Comments Off on Malloy Departs SiriusPoint, a Year After Company’s Launch

Dan Malloy has left SiriusPoint Ltd., a year after the company was formed from the merger of specialty reinsurer Third Point Reinsurance and Sirius International Insurance Group, a multi-line insurer and reinsurer. On April 6, 2022, SiriusPoint Ltd. entered into …

1 04, 2022

Global Insurers Could Face Losses From Russia-Ukraine War of $35B

By | April 1st, 2022|Uncategorized|Comments Off on Global Insurers Could Face Losses From Russia-Ukraine War of $35B

Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50% of those claims, according to a report published by S&P Global Ratings. While recent articles in the press have …

25 02, 2022

Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished

By | February 25th, 2022|Uncategorized|Comments Off on Fire on Massive Car Transport Ship, Felicity Ace, Is Likely Extinguished

The fire on the cargo ship Felicity Ace, which had burned for more than a week, is likely extinguished and the vessel is now being towed, according to the operator MOL Ship Management. The ship had been transporting thousands of …

1 10, 2021

Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh Report

By | October 1st, 2021|Uncategorized|Comments Off on Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh Report

Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by Marsh and Guy Carpenter, subsidiaries …

20 08, 2021

Climate Activists Plan 2 Weeks of Protest in City of London

By | August 20th, 2021|Uncategorized|Comments Off on Climate Activists Plan 2 Weeks of Protest in City of London

Environmental activists who caused days of traffic chaos in London two years ago said on Wednesday [Aug. 18] they would start a fortnight of action next week focused on the capital’s financial district, which they blame for helping to fuel …

23 08, 2021

Greece Wildfire Destroys Jobs of Pine Resin Collectors

By | August 23rd, 2021|Uncategorized|Comments Off on Greece Wildfire Destroys Jobs of Pine Resin Collectors

AGDINES, Greece (AP) – For generations, residents in the north of the Greek island of Evia have made their living from the dense pine forests surrounding their villages. Tapping the ubiquitous Aleppo pines for their resin, the viscous, sticky substance …