Italian Insurer Cattolica Paves Way for Tie-Up with Generali July 31, 2020 Shareholders in Italian cooperative insurer Cattolica Assicurazioni approved its conversion into a joint-stock company on Friday, paving the way to...
Lloyd’s Launches Culture Dashboard, Sets Gender Target for Market July 31, 2020 The Lloyd’s re/insurance market has launched a Culture Dashboard and has set a gender target for the market supported by...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon July 31, 2020 Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring...
Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact July 31, 2020 By Nichola Saminather Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has...
EU Begins to Tackle Cyber Warfare with Targeted Sanctions July 31, 2020 By Natalia Drozdiak, Birgit Jennen and Nikos Chrysoloras Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North...
S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses July 31, 2020 By Emma Rumney and Joe Bavier South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8% July 31, 2020 Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked...
Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study July 30, 2020 Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic...
COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator July 30, 2020 Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and...
Insurer Canopius Promotes Pike to Head of Credit & Political Risk July 30, 2020 Canopius announced it has promoted Stephen Pike as head of Credit & Political Risk (CPR) team, part of the Credit,...