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...
Canada Reports 20-Year High in Overseas Investment in Insurance M&A December 17, 2020 By Maiya Keidan and Carolyn Cohn Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month...
Shell Fights Landmark Case Alleging Its Climate Change Stance Harms Human Rights December 17, 2020 By Laura Hurst and Diederik Baazil Royal Dutch Shell Plc is in court in The Hague for the final hearing in a landmark case that could...
Solvency II Capital Rules for Insurers Need Changing: EU Watchdog December 17, 2020 By Huw Jones The European Union’s capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like...
South Africa Court Dismisses Insurer Guardrisk’s Appeal in Coronavirus Claims Case December 17, 2020 JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was...
Japan Post’s Insurance Unit Plans $2.9 Billion Buyback of Shares from Parent December 17, 2020 By Taro Fuse and Taiga Uranaka Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its...
Ribadeau-Dumas to Succeed Kessler as CEO of SCOR December 16, 2020 The SCOR board of directors has unanimously chosen Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis...
Brexit Trade Negotiations Make Progress but Success Still Isn’t Certain: EU Chief December 16, 2020 By Francesco Guarascio and Gabriela Baczynska BRUSSELS – Britain and the European Union have moved closer to sealing a new trade deal but it was still...
Marsh Names Hobson as Affinity Leader, International Division, in Newly Created Role December 16, 2020 Insurance broker Marsh announced the appointment of Phil Hobson as affinity leader, International Division. Effective Jan. 1, 2021, Hobson will...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU December 16, 2020 Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license...