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July 8, 2025People Moves: Liberty Specialty Promotes Fraigneau to President, Europe; Insurance Industry Charitable Foundation Launches in Canada With Gladki as Exec Director
This edition of International People Moves details appointments at Liberty Specialty Markets in Luxembourg and the Insurance Industry Charitable Foundation in Canada. A summary of these new hires follows here. Liberty Specialty Promotes Fraigneau to …
July 8, 2025Virginia Sends Swift Water Rescue Teams to Help Texas Flood Recovery Efforts
In response to the catastrophic flooding impacting portions of Texas, Virginia Governor Glenn Youngkin announced the deployment on Monday of two Virginia swift water rescue Teams to assist in the ongoing recovery efforts. The deployment is at the req …
July 8, 2025Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks
Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer, Markel, Unde …
July 8, 2025India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill
India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an …
July 8, 2025Mexico Criminals Rob Truck Full of Gold, Silver Concentrate
Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver a …
July 8, 2025Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “Florida ent …
July 8, 2025Apple Takes Fight Against $587 Million EU Antitrust Fine to Court
Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European …
July 8, 2025Ram Pickup Recalls Investigated After Seven Injuries Reported
US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20 …
July 8, 2025Update: Commercial Ship Under Continuous Houthi Attack in Red Sea
Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on the vessel that left crew missing — the latest sign that the Tehran-backed group is once again escalating its threat …
July 8, 2025Deadliest Flooding in Last 25 Years Came in Areas With Low Flood Insurance Take-Up
Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …
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