UK Pubs Group Sues Zurich, Liberty Mutual, MS Amlin for $1.2B Over COVID BI Losses June 13, 2022 By Kirstin Ridley and Carolyn Cohn Britain’s biggest pubs group Stonegate, which is suing Zurich Insurance and two peers for 1 billion pounds ($1.2 billion) over...
Insurers Must Be Better Prepared for Impact of Climate Change: BoE June 8, 2022 By Carolyn Cohn and Huw Jones Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
HSBC Banker Suspended After Playing Down Financial Risks of Climate Change May 23, 2022 By Carolyn Cohn and Lawrence White UK pension schemes should not ignore climate change, a senior executive at The Pensions Regulator said on Monday, the first...
UK Insurer Aviva May Be Able to Return More Cash to Shareholders: CEO May 18, 2022 By Carolyn Cohn Aviva may be able to give more cash back to shareholders, its chief executive said on Wednesday, as the British...
Allianz Plans to Take Harder Line on Insuring Fossil Fuel Industry to Meet Climate Goals May 3, 2022 By Simon Jessop and Carolyn Cohn Europe’s biggest insurer Allianz plans to take a harder line on insuring the oil and gas industry as part of...
Lloyd’s Insurer Lancashire Sees Manageable Russia-Ukraine Losses April 28, 2022 By Carolyn Cohn Shares in Lloyd’s of London insurer Lancashire jumped nearly 10% on Thursday as it estimated net losses in Ukraine at...
AIG Looks at Cutting Insurance for Russia, Ukraine April 8, 2022 By Noor Zainab Hussain and Carolyn Cohn AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from...
Rebel Generali Investor Could Mount Legal Challenge if Bid to Remake Board Fails April 7, 2022 By Carolyn Cohn, Pamela Barbaglia and Valentina Za A rebel investor in Generali could mount a legal challenge if his bid to appoint new top executives at Italy’s...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...