AIG has piloted a multinational blockchain-based policy for Standard Chartered Bank in the first major use of the much-vaunted technology in the global (re)insurance industry.
Several Lloyd's and US (re)insurers have launched a $49mn legal action against Norwegian weather data provider StormGeo alleging defective read-outs from its system contributed to the sinking of the El Faro in 2015, according to court documents.
Israeli energy conglomerate Delek Group's 2.2bn shekel ($610mn) sale of local insurer Phoenix Holdings to Chinese conglomerate Yango Investments has collapsed after both parties agreed to walk away from the deal
