Senate Minority Leader Chuck Schumer says Republican senators don’t have the votes to pass the GOP spending bill that was approved by the House and is instead pushing for a vote on a separate 30-day continuing resolution. Congress has until Friday night to avert a government shutdown. CBS News congressional reporter Taurean Small has the…
Shanghai police say two 17-year-olds were placed in “administrative detention” following the incident at a restaurant where diners simmer food at their own tables.
Poland’s President Duda called on the U.S. to deploy nuclear weapons to his nation as a deterrent to any possible attack by Russia.
Africa Specialty Risks (ASR), a re/insurance group specialising in emerging markets, has received approval for ASR North Africa to operate as a service company at Lloyd’s, allowing it to underwrite policies on behalf of Syndicate 2454 within the country. With this approval, brokers in Morocco—Africa’s second-largest insurance market—and the wider North-West African region gain direct…
HP Reinsurance SPC Ltd. (HP Re), a Cayman Islands based reinsurer established by North Carolina investment adviser Hale Partnership Capital Management, has announced the appointment of Matt Walters as Chief Operating Officer, effective April 2, 2025. Walters joins HP Re after a career at major investment banks, most recently serving as Group Head of Syndicated…
FERMA, the representative organisation of the risk management profession in Europe, has shared its support for revisions to the EU Public Procurement Directives (PPD), advocating for changes that would improve the ability of public-sector companies to purchase insurance coverage. This stance was articulated in their recently released Position Paper on the Revision of the EU…
AXA XL’s UK & Lloyd’s Business Unit has announced the appointment of Louise Nevill as Chief Underwriting Officer – Specialty and Sundeep Khera as Head of Marine and Energy. These appointments reflect a wider strategic restructuring of the firm’s underwriting model, under the leadership of Chief Underwriting Officer Mike Gosselin. As CUO, Nevill, who will…
The Insurance Council of Australia (ICA) has suggested that insurers have received more than 44,000 claims following ex-Tropical Cyclone Alfred. Just yesterday, the ICA reported that insurers had received over 34,000 claims across Southeast Queensland and Northern New South Wales related to ex-Tropical Cyclone Alfred, an increase from 22,000 claims the previous day. Numbers were…
VIG Re, the reinsurance arm of Prague-domiciled Vienna Insurance Group, has confirmed Viktor Faucret as Managing Director (MD) of VIG Re France and Head of the Treaty Non-Life to lead the Western European business unit. As Head of the Western European division, Faucret will drive further developments in France, BeNeLux, Iberia, and the Maghreb region….
Generali has revealed that its operating result grew to a record €7.295 billion in 2024, driven by a positive performance in all of its business segments, including a significant Asset & Wealth Management contribution. Breaking down this record 2024 figure, Generali’s P&C operating result grew to €3.052 billion (+5.1%), with a combined ratio confirmed at…