Munich Re’s ERGO to Take 24.9% Stake in Chinese P/C Insurer June 8, 2020 Munich Re’s ERGO insurance unit has agreed to take a 24.9% stake in Taishan Property & Casualty Insurance Co. Founded...
Lloyd’s Creates Single Body for Governance to Improve Speed, Efficiency of Decisions June 5, 2020 Lloyd’s announced it has merged the Council of Lloyd’s with the Franchise Board, creating one body to govern the marketplace....
Arch Insurance International Appoints Leadership Team for Syndicate 1955 June 5, 2020 Arch Insurance International, part of Arch Capital Group Ltd., has today announced the appointment of Simon Williams to the position...
German Insurer Allianz Seeks Asset Management License from China Regulators June 5, 2020 Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset...
Argo Group to Pay $900,000 to SEC for Failing to Fully Disclose CEO Perks June 5, 2020 By L.S. Howard Argo Group International Holdings will pay $900,000 to the Securities and Exchange Commission for failing to fully disclose perks and...
AM Best Upgrades Credit Ratings of Fidelis Insurance Holdings and Its Subsidiaries June 5, 2020 AM Best has upgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best upgraded the Financial...
Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change June 4, 2020 By Yuliya Fedorinova A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000 June 4, 2020 By Rafiq Maqbool, Emily Schmall and Aniruddha Ghosal A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...