Qatar: Credit risks increases likelihood of provisions for write-offs by insurers

Published on October 1, 2024
Reconciling accounts receivable/payable and addressing associated credit risk implications have posed challenges for some insurance companies in Qatar, according to an analysis by Badri Management
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Beazley appoints Bantick CUO, Greenwood named Beazley Furlonge Limited CEO

October 1, 2024
Specialty insurer Beazley has appointed Paul Bantick as Chief Underwriting Officer (CUO), effective immediately, and Bethany Greenwood as Chief Executive Officer (CEO) of Beazley Furlonge Limited, the company’s Lloyd’s managing agency, subject to regulatory approval.Bantick is taking over the CUO role from Bob Quane, who is to retire. While the process of appointing Bantick’s successor is ongoing,

Insured losses from Central Europe floods seen at up to $3.4bn by Verisk

October 1, 2024
Global data analytics and technology provider, Verisk’s Extreme Event Solutions arm has estimated that insured losses from September flooding in Czechia, Poland, and Austria will land between $2.2 billion (€2bn) and $3.4 billion (€3bn).From September 12th to 16th, severe flooding driven by an extreme amount of rain impacted large parts of Central Europe. This weather event was caused by a Vb weath