Suez Canal Must Upgrade to Avoid Future Shipping Disruption: Sources April 5, 2021 By Jonathan Saul and Patrick Werr CAIRO – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping...
Catastrophe Bonds Positioned to Tap Into Demand for Socially Responsible Investments April 5, 2021 By Tasos Vossos Catastrophe bonds are being hailed as the next frontier for socially responsible investing. Such debt, which insures against natural disasters...
April Reinsurance Renewal Pricing ‘More of the Same,’ Reports Willis Re April 1, 2021 International reinsurance renewals completed for April 1 followed trends set earlier in the season, as market pricing remained firm in...
Credit Suisse’s Greensill Insurance Mystery Involves Tokio Marine, Marsh April 1, 2021 By Tom Bergin Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but...
Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re April 1, 2021 By Carolyn Cohn The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine...
People Moves: Aon’s Cook to Carpenter; Meyer Promoted to Chord Re CEO; Rocco Leads Everest Transformation April 1, 2021 This wrap-up of International People Moves details recent appointments at Guy Carpenter, Chord Re, and Everest Re. A summary of...
London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising April 1, 2021 Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a...
Zurich Insurance Deepens Climate Change Strategy April 1, 2021 Zurich Insurance Group said it will be taking further, deeper steps to help curb carbon emissions in line with the...
Australia’s Floods to Hit Insurers’ Earnings, Put Upward Pressure on Reinsurance Rates March 31, 2021 Insured losses from Australia’s March floods are expected to hit general (or property/casualty) insurers’ underwriting margins and earnings in 2021,...
Hong Kong Developing SPAC Framework – But Lack of D&O Insurance Could Be Issue March 31, 2021 By Kiuyan Wong Hong Kong is expected to have its own blank check company listing framework ready in June for public feedback and...