More Questions Raised Following EU Ruling on U.S. Data Transfer Privacy Shield September 10, 2020 By Conor Humphries The key mechanism used by Facebook to transfer data from the European Union to the United States “cannot in practice...
Hiscox Unites 3 Special Risk Teams Under a New Crisis Management Division September 9, 2020 Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security...
Reinsurance Sector Can Expect More Negative Rating Actions over Next Year: S&P September 9, 2020 By Adrian Leonard Despite the global reinsurance sector’s “robust capital position” and “very high rate rises,” which are expected to “carry on for...
Social Inflation, Low Interest Rates, Rising Catastrophes: Recipe for a Hard Market September 9, 2020 By L.S. Howard Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely...
European Insurers Worried Regulators May Block COVID-19 Dividends September 9, 2020 Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time...
Angola Seizes AAA Hotel, Insurance Assets Linked to de Sao Vicente, TV Reports September 9, 2020 By Noah Browning Angola’s attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente...
Arch Capital Leads Group in $500 Million Bid for Reinsurer Watford: Reuters September 9, 2020 By David French A consortium led by insurer Arch Capital Group Ltd. has made an approximately $500 million offer to acquire reinsurance firm...
Reuters Report: How COVID-19 Swept Brazilian Slaughterhouses of Top Meatpacker September 9, 2020 By Ana Mano JBS SA, the world’s largest meatpacker, has vowed to keep the world fed during the coronavirus pandemic. Executives say the...
Belgian Insurer Ageas Could Be Next Private Equity ‘Unloved’ Target: Opinion September 8, 2020 By Chris Hughes, Bloomberg Opinion The unloved insurance sector is proving a rich territory for acquirers. Apollo Global Management Inc., Blackstone Group Inc., Carlyle Group,...
Munich Re Expects Beirut Losses of €100 Million; Sees Slowdown in COVID-19 Losses September 8, 2020 By Stephan Kahl Munich Re said it faces claims of at least 100 million euros ($118 million) stemming from the deadly explosion that...