Reinsurers Will Fail to Earn Cost of Capital in 2020, Leading to More Rate Hikes: Fitch May 27, 2020 Global reinsurers will fail to earn its cost of capital in 2020 amid the coronavirus crisis, which will help maintain...
Coronavirus Cluster Found in Crew of Freight Cargo Ship in Australia May 27, 2020 By Rod McGuirk A coronavirus cluster was detected Tuesday on a freight ship berthed in the Australian west coast port of Fremantle, raising...
Airbus Opens Investigation into Plane Crash that Killed 97 in Pakistan May 27, 2020 By Adil Jawad Pakistan announced Tuesday that Airbus experts have opened a probe into last week’s plane crash that killed 97 people when...
Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic May 27, 2020 By Jonathan Saul Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical...
Severe Storm Batters Coast of West Australia May 27, 2020 Tens of thousands of homes and businesses lost power, buildings were battered and trees were uprooted as a vast stretch...
Swiss Re Corporate Solutions Names Hunziker as APAC Head Property & Specialty May 27, 2020 Swiss Re Corporate Solutions has appointed Robert Hunziker as Asia Pacific Head Property & Specialty, effective Sept. 1, 2020. In...
SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis May 26, 2020 By L.S. Howard French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30% less in his annual variable compensation...
EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks May 26, 2020 A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners May 26, 2020 Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The...
Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter May 26, 2020 Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020. He reports to...