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News
Drought now a business continuity risk for inland waterway freight - TT Club
3+ day, 5+ hour ago (679+ words) Insurance Business Drought now a business continuity risk for inland waterway freight - TT Club The Rhine at its lowest since 1880, barges operating at a fraction of capacity, and nuclear reactors being shut down to conserve river cooling - TT Club's warning…...
Allianz revamps wholesale and retail proposition
4+ day, 4+ hour ago (112+ words) Partners& adds Chaseside Insurance Solutions to its stable Lloyd’s H1 GWP up but profits down Tower targets £100m GWP and completes acquisition New Coversure office opens in Southwest NBS to offer cover for thatched homes Renovation Underwriting offers new route to put…...
River cruise clients need a coverage conversation before they book
4+ day, 1+ hour ago (400+ words) The scale of the disruption reflects conditions on the ground. The Danube in Romania fell to its lowest level in roughly 30 years, according to AmaWaterways, which spent the summer rerouting ships, swapping vessels, and transferring passengers by motorcoach on portions…...
Renoir museum theft exposes another side of fine art risk
4+ day, 23+ hour ago (606+ words) Image from: MOSSOT, CC BY-SA 3.0, via Wikimedia Commons Two thieves broke into the Renoir Museum on the French Riviera early on Tuesday, stealing four paintings worth an estimated €9 million before abandoning two as they fled. The September 8 raid at the…...
Deals: EQT to Acquire Majority Stake in McGill & Partners
6+ day, 3+ hour ago (123+ words) Green Parts: Reusing Components is the Way Ahead for Insurers Are Customers Really That Confused About Ghost Brokers? The Co-op has sold its underwriting business to Markerstudy, TwinFocus and funds managed by Blackstone Credit for proceeds of £185 million. With over…...
Tower targets £100m GWP after first acquisition, more deals to come
1+ week, 3+ day ago (265+ words) intelligentinsurer.com - Tower targets £100m GWP after first acquisition, more deals to come Tower Insurance Brokers has launched a buy-and-build strategy targeting £75 million to £100 million in gross written premium (GWP) after completing its first acquisition, with further UK opportunities under consideration....
German train station shut after blast, day after Berlin accuses Russia over airport drone attack
1+ week, 4+ day ago (346+ words) A train station in the southern German city of Augsburg was completely shut down on Wednesday morning after an explosion and the discovery of a second suspicious object, in an incident that follows Germany's formal accusation a day earlier that…...
TPA transitions carry regulatory risk – and now there is proof
1+ week, 3+ day ago (644+ words) Insurance Business TPA transitions carry regulatory risk – and now there is proof The compliance obligations attached to a self-insurer licence remain with the employer regardless of who manages the claims The NSW Workers Compensation Self-Insurers Association (NSW SIA) represents 98 full…...
Monthly Roundup: Asia's Latest Business Deals
1+ week, 5+ day ago (519+ words) Asia Business Outlook Monthly Roundup: Asia's Latest Business Deals - By: Ajay Sunny, Correspondent at Asia Business Outlook Asia’s corporate landscape remained active, with companies and investors pursuing major deals across technology, private equity, financial services, mobility, insurance and education. From…...
European heat mortality exposes a gap in life insurance pricing
2+ week, 5+ day ago (386+ words) The mechanism runs through the age profile of those most affected. Extreme heat exacerbates underlying conditions, including cardiovascular disease and dehydration, concentrated in elderly populations. That drives both mortality claims on life policies and higher demand for private medical services....