Yearly Archives: <span>2021</span>

Olympic Officials Unveil Rules on Masks, Singing, Transport for COVID-19 Games

Olympic officials on Wednesday unveiled the first of many COVID-19 rules for the Tokyo Games this summer, banning singing and chanting during events and mandating participants to wear masks at “all times” except when eating, sleeping or outdoors. The measures, …

CCC Information Services Going Public in $7 Billion Blank Check Transaction

CCC Information Services said on Wednesday it was going public through a merger with blank-check firm Dragoneer Growth Opportunities Corp., in a deal valuing the data and technology provider to automotive and insurance companies at about $7 billion. The deal …

McLarens Acquires Dutch Engineering Claims Company Vanderwal & Joosten

McLarens, a global independent insurance services provider, announced the strategic acquisition of Vanderwal & Joosten (VWJ), a leading construction and engineering, environmental, liability, and agricultural loss adjusting and technical claims investigation firm in the Netherlands. McLarens purchased 100% of the …

Hiscox Appoints Nolan from Canopius to Lead Cargo Underwriting Team

Hiscox, the specialist global insurer, has appointed Aimee Nolan to head up its London Market cargo underwriting team. As cargo line underwriter, Nolan will be based in Hiscox’s London office, reporting to Mike Southgate, divisional director for Marine, Energy and …

Argo’s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M

Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. Breaking down the overall total, Bermuda-based Argo expects to report Q4 natural catastrophe losses of approximately $38 million, primarily …

Chubb’s Q4 ‘Excellent’ Results Boosted by Commercial Lines Price Hikes

Global insurer Chubb reported fourth quarter results for 2020 significantly better than the same period in 2019. For the 2020 fourth quarter, Chubb’s net income grew significantly higher, as did its net premiums written, which expanded by double digits for …

Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020

Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year left them to rebuild without private coverage, the head of the country’s industry association said. After escaping billions of kuna …

Ant Group and China Regulators Agree to Restructuring Plan

Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into a financial holding company, making it subject to capital requirements similar to those for banks. The plan calls for putting …

Colonial Claims Acquires Premier Adjusting and Catastrophe Services of Florida

Colonial Claims LLC, a nationwide independent insurance claims service companies, has acquired Tampa area business Premier Adjusting and Catastrophe Services, Inc., a first and third-party claims handler for residential and commercial losses. The company said the move strengthens Colonial’s daily …

China’s Ping An Insurance Reports First Annual Drop in Profit Since 2008

BEIJING/SHANGHAI — Ping An Insurance Group Co of China Ltd , China’s largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. The insurer reported a 4.2% drop …