Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations […]
The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more […]
Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to […]
This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance […]
A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions […]
Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, level with Q3 2024. John Doyle, President and CEO, […]
As many as 22 states face the risk for severe thunderstorms, hail and damaging wind gusts over the next several days, meteorologists say. A front over the Central/Southern Rockies is expected to move northeastward, producing […]
Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. […]
Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage […]
Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a range of […]
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