South Africa Court Dismisses Insurer Guardrisk’s Appeal in Coronavirus Claims Case December 17, 2020 JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was...
Japan Post’s Insurance Unit Plans $2.9 Billion Buyback of Shares from Parent December 17, 2020 By Taro Fuse and Taiga Uranaka Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its...
Ribadeau-Dumas to Succeed Kessler as CEO of SCOR December 16, 2020 The SCOR board of directors has unanimously chosen Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis...
Brexit Trade Negotiations Make Progress but Success Still Isn’t Certain: EU Chief December 16, 2020 By Francesco Guarascio and Gabriela Baczynska BRUSSELS – Britain and the European Union have moved closer to sealing a new trade deal but it was still...
Marsh Names Hobson as Affinity Leader, International Division, in Newly Created Role December 16, 2020 Insurance broker Marsh announced the appointment of Phil Hobson as affinity leader, International Division. Effective Jan. 1, 2021, Hobson will...
UK Insurtech Zego Gets Dutch Broking License, Enabling Post-Brexit Growth in EU December 16, 2020 Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license...
Applied Underwriters Forms EU Subsidiary for Specialty Business in Europe, Middle East December 16, 2020 Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate...
Italy’s Banco BPM to Acquire Full Control of Insurance Joint Ventures with Cattolica December 16, 2020 By Andrea Mandala and Valentina Za MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their...
Global Natural and Manmade Disasters Cost Insurers US$83B in 2020: Swiss Re December 16, 2020 Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it...
Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism: Allianz December 16, 2020 While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds...