Reinsurers Saw ‘Good’ Rate Hikes in January Renewals, but Will Be Asking for More: S&P March 2, 2021 By L.S. Howard Global property and casualty reinsurers saw “good” rate increases during the January 2021 renewals but they came up short of...
Finland’s Sampo Steps Up Move to Become Pure Insurance Group, Cutting Nordea Stake February 24, 2021 By L.S. Howard Finnish financial group Sampo plc is continuing its transformation into a pure insurance group with an announcement that it will...
Lloyd’s Expects to Reopen Underwriting Room in April or May February 19, 2021 By L.S. Howard Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the...
EC Pauses Investigation; CEO Says Aon-Willis Merger Still on Track to Close in 1st Half February 9, 2021 By L.S. Howard and Andrew G. Simpson The merger of Aon with Willis Towers Watson is on course to close in the first half of 2021, said...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims January 15, 2021 By L.S. Howard Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability January 11, 2021 By L.S. Howard The Lloyd’s market is moving to end its insurance cover for coal and oil sands businesses while at the same...
Insurance Journal’s Most Noteworthy Topics of 2020: International December 29, 2020 By L.S. Howard COVID-19 and mergers and acquistions were just two of noteworthy topics of 2020 covered by the International section of Insurance...
Insurance Journal’s Top 10 Most Read Stories of 2020: International December 28, 2020 By L.S. Howard The top international news story of 2020 was the announcement in March of Aon’s proposed merger with Willis Towers Watson....
Update: Aon Confirms EU Antitrust Probe of Merger with Willis Towers Watson December 21, 2020 By L.S. Howard Aon plc confirmed that the European Commission (EC) has initiated a review of the company’s proposed $30 billion bid for...
New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO December 21, 2020 By L.S. Howard Greg Hendrick, CEO and co-founder of the new reinsurance and insurance company Vantage Risk, isn’t too concerned about the new...