Update: Cyclone Amphan Floods Areas of India and Bangladesh, Killing Dozens of People May 21, 2020 By Pradipta Mukherjee, Arun Devnath and Pratik Parija The biggest cyclonic storm over the Bay of Bengal in two decades wrecked havoc along India’s east coast and in...
UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million May 21, 2020 By Carolyn Cohn British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter...
Activist Shareholder Urges Watford Holdings to Sell Itself, or Be Put Into Runoff May 20, 2020 By L.S. Howard Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the re/insurer to sell itself or...
BMS Names Former Everest CEO Addesso as Non-Exec Chair of U.S. Reinsurance Arm May 20, 2020 BMS Group, the London-based specialist re/insurance broker, announced the appointments of Dominic Addesso as non-executive chairman and LoriAnn Lowery-Biggers as...
Allianz Group Appoints Richter to Lead Cyber Center of Competence May 20, 2020 Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020....
Generali Digitizes Art Insurance, Offering Collectors Remote Evaluation of Artworks May 20, 2020 ARTE Generali, Generali Group’s business unit that provides art insurance to collectors, has unveiled a new app, which offers remote...
Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer May 20, 2020 By Ian Wishart and Joe Mayes Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks...
For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit May 20, 2020 By L.S. Howard Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment...
Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers May 19, 2020 By Jack Stubbs and Kate Holton Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar...
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties May 19, 2020 By L.S. Howard Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed...