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...
Lloyd’s Expects Large Loss from Suez Canal Blockage March 31, 2021 By Carolyn Cohn The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London,...
Formal Investigations Begin into How Container Ship Ran Around in Suez Canal March 31, 2021 ISMAILIA, Egypt – Formal investigations into how the giant container ship Ever Given ran aground in the Suez Canal, shutting...
City of London Financial Center Likely to See Most Workers Return After Pandemic March 31, 2021 By William Schomberg LONDON – The City of London financial center, which has resembled a ghost town since the coronavirus swept the world...
Aon Takes a Holiday March 30, 2021 Aon announced it is closing operations and taking a global holiday on April 1st and April 2nd. These two days...
Lengthy Legal Battles Expected from Suez Canal’s Longest Closure in Almost 50 Years March 30, 2021 By Aaron Clark, Cindy Wang, Ann Koh and Verity Ratcliffe The Suez Canal may be open again, but the battle over damages from the waterway’s longest closure in almost half...
Global Insurers Paid $89 Billion for Natural, Manmade Disasters in 2020: Swiss Re March 30, 2021 By L.S. Howard Natural and man-made catastrophes cost the insurance industry US$89 billion in 2020, in the fifth costliest year since 1970, according...