Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS March 30, 2020 The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million...
Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan March 30, 2020 Allianz Australia announced the appointment of Tara Laybutt as Allianz Australia’s chief risk officer, effective May 11, 2020. Laybutt has...
South Korean Insurers Hit Hard by Evaporating Investment Returns March 30, 2020 By Heejin Kim and Whanwoong Choi Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly...
Sirius International Launches Formal Process to Find a Buyer March 30, 2020 By L.S. Howard Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal March 27, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...
Blenheim Gets Initial Approval from Lloyd’s to Launch New Managing Agency March 27, 2020 Blenheim Underwriting announced it has been granted “approval in principle” by the Lloyd’s board to establish a new managing agency....
China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops March 27, 2020 By Jinshan Hong and Lin Zhu Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders...
Former Lloyd’s CEO Beale to Become Chair of South Africa’s Mediclinic March 27, 2020 Mediclinic International Plc has appointed former chief executive of Lloyd’s of London, Inga Beale, as an independent non-executive director and...
COVID-19 Quarantined Doctors Turn to Telemedicine to Keep Seeing Patients March 27, 2020 By Amy Thomson and Helene Fouquet Marie-Pascale Schuller started feeling sick last week. The 57-year-old doctor specializes in respiratory illnesses, and she had a strong suspicion...