UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules November 17, 2022 By Huw Jones and Carolyn Cohn The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK...
Zurich Insurance Expects $550M Hit From Hurricane Ian, but On Track to Beat Targets November 10, 2022 By Michael Shields and Carolyn Cohn Zurich Insurance Group expects a net $550 million pre-tax hit from Hurricane Ian, Europe’s fifth-largest insurer said on Thursday, though...
Aviva Plans ‘Regular and Sustainable’ Investor Payouts as Premiums Rise November 9, 2022 By Carolyn Cohn Aviva plans “regular and sustainable” investor payouts, its CEO said on Wednesday, as the British insurer reiterated plans for a...
Insurers Stop Offering Cargo Insurance for Ukraine Grains Shipments: Sources November 2, 2022 By Jonathan Saul and Carolyn Cohn Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a U.N.-backed safe corridor after...
Dubai Aerospace Sues 11 Insurers, Including Lloyd’s, AIG, Chubb, for Jets Stuck in Russia October 28, 2022 By Kirstin Ridley and Carolyn Cohn Aircraft leasing firm Dubai Aerospace Enterprise (DAE) has filed a London lawsuit against 11 insurers, including Lloyd’s of London, AIG,...
Re/Insurers Grapple With How to Respond to Claims From Nord Stream Pipeline Blasts October 25, 2022 By Jonathan Saul and Carolyn Cohn With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers...
Ukraine Insurance Pricier, Harder to Organize Than During Iraq War: Sources October 21, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurance for humanitarian workers, journalists, engineers and others heading to Ukraine is now more expensive and harder to organize than...
Update: Amazon Launches Home Insurance Comparison Website for UK Customers October 19, 2022 By Carolyn Cohn and Rhea Binoy Amazon.com Inc. is launching a home insurance portal in Britain and has signed up three big-name insurers as it pushes...
Insurers Win Key Parts of Stonegate COVID-19 Business Interruption Case: MS Amlin October 17, 2022 By Carolyn Cohn and Kirstin Ridley Insurers have won key parts of a complex legal battle with British pubs group Stonegate, MS Amlin said after Monday’s...
Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen September 13, 2022 By Sinead Cruise, Carolyn Cohn and Kate Holton Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events...