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...
UK Employee Union Urges Insurers, Banks to Protect Call Center Staff During Pandemic June 4, 2020 Employee union Unite has called on finance firms to do more to protect call center staff after a survey of...
AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...
UK’s Direct Insurance Group Commits to Permanent Homeworking for Its Workforce June 3, 2020 Direct Insurance Group, a London-based specialty insurance broker and underwriting business, announced it has commited to a remote working policy...
UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown June 3, 2020 Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source June 3, 2020 Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger...
No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic June 3, 2020 By Jill Ward The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery...
French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact June 3, 2020 French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros,...
Grounded Airplanes at Risk from Asia’s Tropical Storm Season, Industry Experts Warn June 3, 2020 By Jamie Freed and Ben Blanchard Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm...
Carlyle, T&D Holdings Complete Acquisition of 76% Interest in Fortitude Group From AIG June 3, 2020 Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude...