Intact Financial Corp. and Tryg Complete Acquisition of UK’s RSA Insurance June 1, 2021 By L.S. Howard Intact Financial Corp. announced that, together with Tryg A/S, it has completed the acquisition of RSA Insurance Group plc., after...
French Regulator Dismisses CovĂ©a Market Abuse Charges Filed Against SCOR’s Kessler May 28, 2021 By L.S. Howard France’s financial markets regulator dismissed market abuse charges, which had been filed against SCOR’s Chairman and CEO Denis Kessler by...
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Ardonagh Group Agrees to Purchase BGC’s Insurance Business for $500 Million May 27, 2021 By L.S. Howard The Ardonagh Group, a leading UK insurance broker, announced it has agreed to acquire the insurance operations of BGC Partners...
Taming ‘Live Cat’ COVID Events in the Entertainment Industry May 17, 2021 By L.S. Howard In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late...
Climate Change Activists Protest at Lloyd’s of London, Dumping a Load of ‘Coal’ April 23, 2021 By L.S. Howard Lloyd’s of London was the focus of climate change activists on Friday, when a group called “Insurance Rebellion” used a...
Cyber Attacks and Data Loss Are Top 2 Risks Facing Directors & Officers: WTW Survey April 23, 2021 By L.S. Howard Cyber attacks and data loss are the top two risks facing directors & officers, with pandemic-related changes in working practices...
Reinsurers Remain Resilient Despite P/C Underwriting Losses in 2020 April 22, 2021 By L.S. Howard Despite the combined effects of around $25 billion of pandemic and natural catastrophe-related losses as well compromised investment returns, a...
‘Insure Our Future’ Pressures Lloyd’s to ‘Immediately Stop’ Insuring Fossil Fuel Projects April 15, 2021 By L.S. Howard Insure our Future, the anti-fossil-fuel campaign group, is pressuring Lloyd’s to immediately stop insuring coal and new oil and gas...
How SpottedRisk and TigerRisk Tamed ‘Live Cat’ COVID Event for Entertainment Insureds April 7, 2021 By L.S. Howard In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late...