Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman November 19, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer November 18, 2020 By Iain Withers and Carolyn Cohn Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA...
Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic November 16, 2020 By Carolyn Cohn and Kirstin Ridley Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic...
Update: UK Insurer RSA Receives $9.4B Takeover Offer From Intact Financial, Tryg November 5, 2020 By Carolyn Cohn and Pamela Barbaglia RSA is in talks with a consortium of Canadian insurer Intact Financial and Danish insurer Tryg about a possible break-up...
Lloyd’s Drops Plan to Form Electronic Exchanges, Opting to Work with Existing Platforms November 5, 2020 By Carolyn Cohn Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing...
Insurer RSA Says Pandemic Exclusions Will Limit Impact of England’s 2nd Lockdown November 5, 2020 By Carolyn Cohn England’s second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions,...
More Companies Turn to Captives as Rates Rise, Terms & Conditions Tighten October 26, 2020 By Carolyn Cohn Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the...
Insurers Remain Unfazed by Risks of Clinical Trials for COVID-19 Vaccine October 12, 2020 By Noor Zainab Hussain, Carolyn Cohn and Ludwig Burger The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine...
Hedge Funds Returning to Insurance as Premiums Rise October 8, 2020 By Maiya Keidan and Carolyn Cohn Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and...