AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources August 10, 2020 By Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according...
Marsh JLT Specialty Promotes Cheung to UK Placement Leader August 10, 2020 Broker and risk adviser Marsh announced the appointment of Winsee Cheung as UK Placement Leader, Marsh JLT Specialty. Effective in...
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market...
Trust in Insurers/Finance Could Take Long-Term Battering with COVID Crisis: Opinion August 10, 2020 By Elisa Martinuzzi, Bloomberg Opinion Like the rest of us, the world’s finance industry is still wrestling with the huge uncertainty of a pandemic that...
India’s Aviation Regulator Points to Pilot Error in Air India Express Crash August 9, 2020 By Anurag Kotoky The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
New Risk to Global Supply Chains Emerges as Weary Crews, Stuck Offshore, Halt Work August 7, 2020 By Aaron Clark and Annie Lee A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking...
World’s Three Hottest Julys on Record Occurred During Last Five Years August 7, 2020 By Kate Abnett Last month was the world’s third-hottest July on record, new data show — the latest milestone in a global warming...
S. Africa’s Regulator to Clarify Policyholders’ Rights in Pandemic Insurance Claims August 7, 2020 By Emma Rumney South Africa’s financial watchdog is consulting with lawyers and the insurance industry on a potential test case to clarify whether...
Hannover Re’s CFO Vogel to Retire, Succeeded by Jungsthöfel from HDI Global August 7, 2020 After more than 30 years at Hannover Re, Chief Financial Officer Roland Vogel (60) will retire on Sept. 30, 2020....