Allianz Withdraws 2020 Profit Target on Pandemic Uncertainties May 1, 2020 By Stephan Kahl and Richard Weiss Allianz SE withdrew its forecast for the year as Europe’s biggest insurer struggles with the fallout from the Covid-19 pandemic....
Lockton Re in London Taps Aon Re’s Mallon, Neon’s Foxall for North America, Int’l Teams April 30, 2020 Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, announced two new appointments in...
Swiss Re Reports Q1 Loss of $225M as Impact of COVID-19 Crisis Begins to Hit April 30, 2020 Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus...
UK Regulator Probes Events Firms for Failure to Pay Refunds During COVID-19 Crisis April 30, 2020 Britain’s competition regulator said it has opened investigations into thousands of complaints about companies refusing to pay refunds for canceled...
Top Insurers Face Lawsuit from UK Hospitality Sector on Rejected Biz Interruption Claims April 30, 2020 By Kirstin Ridley and Carolyn Cohn Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and...
Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re April 29, 2020 Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according...
Program Management Specialist R&Q Receives Equity Investment of $100M April 29, 2020 Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced it has received an equity...
Beazley Expands M&A Insurance Team with 5 New Underwriters, Geographies April 29, 2020 Specialist insurer Beazley has expanded its mergers & acquisitions (M&A) team with new locations and the appointment of five new...
Hiscox Action Group Gears Up to Take Hiscox to Court over COVID-19 BI Exclusions April 29, 2020 By L.S. Howard Angry Hiscox policyholders have formed an action group in the UK to fight Hiscox’s pandemic exclusions to its commercial business...
Cruise Ship Passengers Seeking COVID-19 Class Action Suits Face Uphill Legal Battle April 29, 2020 By K. Oanh Ha After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic...