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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Rain fell at the highest point on the Greenland ice sheet last week for the first time on record, another worrying sign of warming for the ice sheet already melting at an increasing rate, scientists said on Friday. “That’s not …