China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative September 10, 2020 By Zen Soo China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that...
ESG Industry Booms but Investors Worry Risks Are Piling Up September 10, 2020 By Simon Jessop, Sujata Rao and Tommy Wilkes LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of...
COVID-19 Takes Toll on Canada’s Auto, Life Insurers September 10, 2020 Canada’s property/casualty insurance industry thus far has fared better than its life counterpart amid the economic and market dynamics created...
With COVID Infections Rising, England Limits Gatherings, Plans for Mass Testing September 10, 2020 By William James Prime Minister Boris Johnson announced new restrictions on social gatherings in England on Wednesday, saying there was a clear need...
More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield September 10, 2020 By Conor Humphries The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice...
Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division September 9, 2020 Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security...
Reinsurance Sector Can Expect More Negative Rating Actions over Next Year: S&P September 9, 2020 By Adrian Leonard Despite the global reinsurance sector’s “robust capital position” and “very high rate rises,” which are expected to “carry on for...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market September 9, 2020 By L.S. Howard Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely...
European Insurers Worried Regulators May Block COVID-19 Dividends September 9, 2020 Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time...
Angola Seizes AAA Hotel, Insurance Assets Linked to de Sao Vicente, TV Reports September 9, 2020 By Noah Browning Angola’s attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente...