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People Moves: Liberty Specialty Promotes Fraigneau to President, Europe; Insurance Industry Charitable Foundation Launches in Canada With Gladki as Exec Director

by lpiccitto | Jul 8, 2025 | Uncategorized

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 President, Europe,...

Mexico Criminals Rob Truck Full of Gold, Silver Concentrate

by lpiccitto | Jul 8, 2025 | Uncategorized

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 and the...

India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill

by lpiccitto | Jul 8, 2025 | Uncategorized

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 …

Market/Coverages: Willis Launches $200M Cargo Facility for Rising Geopolitical Risks

by lpiccitto | Jul 8, 2025 | Uncategorized

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, Undercover offers a...

Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals

by lpiccitto | Jul 8, 2025 | Uncategorized

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 entered the mid-year...
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