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Category: Insurance Journal

Where Do Climate Pledges Stand a Year After COP26?
Insurance Journal | November 1, 2022
Where Do Climate Pledges Stand a Year After COP26?
A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed. NATIONAL EMISSIONS …
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
Insurance Journal | November 1, 2022
People Moves: AXA XL Appoints Owen for Bermuda Professional Lines Team; Miller Names Beazley’s O’Connor as Chief Information Officer
This edition of International People Moves details appointments at AXA XL in Bermuda and the London-based insurance broker, Miller. A summary of these new hires follows. AXA XL Appoints Owen for Bermuda Professional Lines Team AXA XL announced that Bermudian …
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Insurance Journal | November 1, 2022
South Korea Blames Lack of Crowd Control as Factor in Fatal Crush
Top South Korean officials said a lack of proper crowd management was likely a factor behind a deadly surge of people that left at least 156 dead, with police faulted for not doing enough to heed warnings that masses were …
Road Accidents Jump 22% During Week After Clocks Go Back
Insurance Journal | November 1, 2022
Road Accidents Jump 22% During Week After Clocks Go Back
Claims for road accidents in the UK jumped by over a fifth (22%) in the week after the clocks went back in 2021, according to analysis of internal data by Tesco Bank Motor Insurance. The findings are based on a …
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M)
Insurance Journal | November 1, 2022
Initial Insured Loss for Typhoon Nanmadol Estimated ¥114B (US$768M)
Initial insurance industry losses from Typhoon No. 14, aka Nanmadol, which hit Japan in September 2022, are an estimated 114 billion Japanese yen (US$768 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Based on …
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
Insurance Journal | November 1, 2022
Jensten Group Completes Acquisition of UK Broker J Bennett & Son
The Jensten Group, the London-based independent insurance broking group, has completed the acquisiton of J Bennett & Son Insurance Brokers and its subsidiary, Mathews Comfort & Co., following final regulatory approval. Financial details of the transaction, which was first announced …
Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022
Insurance Journal | November 1, 2022
Tropical Storm Lisa on Track to Strike Belize as 12th Atlantic Storm of 2022
Tropical Storm Lisa has spun up in the Caribbean Sea south of Jamaica, on track to strike Belize late Wednesday as the 12th storm of this year’s Atlantic hurricane season. Lisa’s top winds have reached 40 miles (64 kilometers) per …
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Insurance Journal | November 1, 2022
Carlyle Aviation Sues Insurers Over Seized Planes Leased to Russian Airlines
Carlyle Aviation Partners said it sued a group of insurance companies and re-insurers claiming they failed to pay for losses stemming from the seizure of planes leased to Russian airlines following the invasion of Ukraine. Carlyle Aviation leased 23 planes …
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart?
Insurance Journal | November 1, 2022
Aon: Business Leaders Say Recession Looms; What Sets Prepared Companies Apart?
Despite a majority of global business leaders expecting a recession within the next year, many still have a positive outlook on the economy. Some leaders even reported feeling very prepared heading into a recession. That’s according to Aon’s 2022 Executive …
Wells Fargo Says SEC Is Examining its Hiring Practices
Insurance Journal | November 1, 2022
Wells Fargo Says SEC Is Examining its Hiring Practices
Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. In its quarterly report filed with the SEC, the fourth-largest …