Insurance
People Moves: Hearn to Step Down as Inver Re’s CEO; TMK Taps Munich Re’s Partridge as Cargo U/W in London; Chubb Names Mostert South Africa Country President
This edition of International People Moves details executive changes and appointments at Inver Re, Tokio Marine Kiln and Chubb. A summary of these new hires follows here. Hearn to Step Down as Inver Re’s CEO Inver Re, the reinsurance broking …
Read More Be Kind, Rewind: How a Blockbuster-Era Law Is Still Being Used in Data Privacy Disputes
A 1988 law regarding video rentals is still affecting the legal, and even the insurance and technology landscape, today. The Video Privacy Protection Act was enacted in 1988 after judge and U.S. Supreme Court nominee Robert Bork found that a …
Read More Ransomware Attack Hits Japan’s Biggest Port, Disrupting Cargo Shipments
Japan’s biggest maritime port was crippled by an alleged Russian cyberattack, disrupting cargo as operators rushed to prevent a wider delay in shipments. Ransomware — used by hackers to lock access to files or systems unless a payment is made …
Read More Earth Keeps Breaking Temperature Records, Underscoring Dangers of Global Warming
Global temperatures have smashed through records this week, underscoring the dangers of ever-increasing greenhouse gas emissions generated from burning fossil fuels. The average worldwide temperature reached 17C (63F) on Monday, just above the previous record of 16.9C in August 2016, …
Read More BMS Group Acquires Australia’s Bluebook Insurance Brokers
BMS Group, the London-based independent specialist re/insurance broker, has entered into an agreement to acquire Brisbane-based specialty broker Bluebook Insurance Brokers. The deal is the sixth Australian acquisition by BMS in the past 12 months as the company looks to …
Read More Insurers Look to Loosen UN Climate Alliance Rules After Member Exodus: Sources
The remaining insurers in a United Nations-backed coalition aimed at tackling climate change are poised to loosen the alliance’s membership requirements, after a recent exodus of members, according to two people familiar with the discussions. The U.N.-convened Net-Zero Insurance Alliance …
Read More Economic Cost of French Riots Could Top €1 Billion as Unrest Continues to Drop
President Emmanuel Macron will meet with more than 200 mayors to assess the riots that have rocked France as a massive police deployment led to a continued drop in the level of unrest overnight. French employers’ lobby Medef estimated the …
Read More French Insurers Say Cost of Riots Totals $305 Million, So Far
French insurers have so far received around 5,900 claims worth a total of some €280 million ($305 million) resulting from damage caused during a week of riots following the police shooting of a teenager. This compares with 10,000 claims for …
Read More Why Did It Take a Pandemic to Drive Electronic Placement in the London Market?
Electronic placing in the London market was a long time coming, with many obstacles to overcome – It took the pandemic to prove electronic placement is a benefit not a threat and, now it’s here to stay, we’re heading full …
Read More Court Says Fear Created by Data Breach Suffices for Class-Action to Proceed
Former customers of Injured Workers Pharmacy whose personal information was stolen by hackers and allegedly used to file a fake tax return may pursue a class-action lawsuit against the company, a panel of the 1st District Court of Appeal ruled …
Read More