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...
Climate Change Poses Much Greater Existential Risk for the World Than COVID-19 December 18, 2020 By L.S. Howard Similar to the COVID-19 pandemic, climate change ultimately will be managed by “bending the curve” of temperature rises and greenhouse...
Lloyd’s Moves to End Insurance and Investments in Coal for Climate Sustainability December 17, 2020 By L.S. Howard The Lloyd’s market is moving to end its insurance of coal and oil sands businesses while at the same time...
New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO December 11, 2020 By L.S. Howard Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the...
Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2 November 19, 2020 By L.S. Howard Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second...
Arch Capital to Buy Watford for $700M in Cash, with Support from Former Rival Enstar November 3, 2020 By L.S. Howard Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of...
It Would Take P/C Insurers 150 Years to Pay COVID-19 Business Interruption Losses October 30, 2020 By L.S. Howard The world’s property/casualty insurers would have to collect business interruption insurance premiums for 150 years in order to absorb the...