Seeds of Greensill Capital’s Swift Fall Triggered When Credit Insurer Balked at Renewal March 3, 2021 By Lucca de Paoli and Nabila Ahmed The seeds for the rapid disintegration of Lex Greensill’s empire were sown eight months ago, when a little-known Australian insurer...
Beazley’s CEO Horton to Become Group CEO of QBE Insurance in Australia March 3, 2021 Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd....
Hiscox Cites Loss on COVID, BI Dispute ‘Brand Damage’; Will Alter Liability, Cyber Books March 3, 2021 By Muvija M British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19...
Toronto Specialty MGA Merlin Rebrands as TruStar March 2, 2021 Merlin Underwriting, a Toronto-based managing general agent (MGA), has rebranded as TruStar. TruStar is an independently owned MGA offering specialty...
European Union Weighs Emergency Approvals for COVID Vaccines March 2, 2021 By Francesco Guarascio The European Commission said on Tuesday that it was considering emergency approvals for COVID-19 vaccines as a faster alternative to...
10 Years After Disaster, Fukushima Nuclear Plant Operator Continues Cleanup March 2, 2021 By Aaron Sheldrick Tepco, the operator of Japan’s wrecked Fukushima atomic plant, said it had successfully removed spent uranium fuel from a damaged...
Reuters Exclusive: India Central Bank Seeks Limit on Banks’ Ownership in Insurers March 2, 2021 By Nupur Anand and Swati Bhat India’s central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than...
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...
Post-Brexit Exodus of Staff and Assets from London to EU Slows March 2, 2021 By Huw Jones LONDON – The shift in financial staff and assets from the City of London to the European Union because of...
S. Africa’s Steinhoff in Talks with D&O Insurers to Help Settle Accounting Crisis Claims March 1, 2021 By Janice Kew Steinhoff International Holdings NV is in talks with the providers of director liability insurance policies about help settling legal claims...