Argo’s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M February 3, 2021 Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51...
Croatian Residents Rush to Buy Earthquake Cover After Destructive Quakes in 2020 February 3, 2021 By Jasmina Kuzmanovic Croatian insurers are reaping a windfall as residents rush to sign up for protection after two destructive earthquakes last year...
Ant Group and China Regulators Agree to Restructuring Plan February 3, 2021 By Bloomberg News Ant Group Co. and Chinese regulators have agreed on a restructuring plan that will turn Jack Ma’s fintech giant into...
China’s Ping An Insurance Reports First Annual Drop in Profit Since 2008 February 3, 2021 BEIJING/SHANGHAI — Ping An Insurance Group Co of China Ltd , China’s largest insurer by market value, on Wednesday reported...
Brazilian Dam Claimants to Take BHP Class Action to English Court of Appeal February 3, 2021 Lawyers for about 200,000 Brazilian claimants, whose multi-billion dollar lawsuit against Anglo-Australian miner BHP over a 2015 dam collapse was...
Fagan to Step Down as Chief Executive of Catalina Holdings, Succeeded by Hemphill February 2, 2021 Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced that Chris Fagan, co-founder, is stepping down as chief executive....
Hub International Buys Canada’s John Galon Insurance Services and Galon Management February 2, 2021 Hub International Ltd., the Chicago-based insurance broker, announced it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd.,...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...
Repair Your Damaged Reputations, AM Best Tells UK Insurers February 2, 2021 While most of the COVID-related problems that plagued UK commercial property insurers will abate after the March anniversary of lockdowns,...
Climate Change Is Causing Sea Levels to Rise Faster than Most Forecasts February 2, 2021 By Jonathan Tirone Climate change is causing oceans to rise quicker than scientists’ most pessimistic forecasts, resulting in earlier flood risks to coastal...