Legacy Specialist Enstar Provides $2.3B Adverse Development Cover for AXA XL February 25, 2021 Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover...
Munich Re’s 2020 Profit Drops 55% on COVID-19-Related Reinsurance Claims of $4.1B February 25, 2021 Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29...
Zurich North America Names Aviva’s Kundi as Canada Chief Risk Officer February 25, 2021 Sonia Kundi has joined the Zurich North America Group Risk Management team as Canada chief risk officer, effective immediately. She...
Kenya Seeks More Crop Insurance to Cover Small Farms from Climate Change Risks February 25, 2021 By Eric Ombok Kenya’s agriculture ministry has opened bids for crop insurance providers to cover more smallholder farmers from the risks and shocks...
Britain Reviews Rulebooks to Keep Financial Services Sector Competitive After Brexit February 25, 2021 By Huw Jones Britain is conducting a review of its financial rulebooks and policies to see how it can keep its 130 billion...
AXA Reports 18% Drop in Net Income During 2020 with COVID Claims of $1.8 Billion February 25, 2021 AXA reported net income of €3.16 billion (US$3.8 billion) during 2020, an 18% drop from €3.86 billion (US$4.7 billion) in...
UK Prime Minister Warns Climate Change Is Threat to World Security February 25, 2021 By Edith M. Lederer British Prime Minister Boris Johnson warned world leaders Tuesday that climate change is a threat to security of all nations...
Aviva Pushes Back Deadline for Final Offers for Polish Operations: Sources February 25, 2021 By Pamela Barbaglia and Stephen Jewkes LONDON – Aviva has pushed back the deadline for final offers for its Polish operations to late March as the...
15 Insurers Stop Doing Business with Nord Stream 2 Pipeline to Avoid Sanctions: Reuters February 24, 2021 By Timothy Gardner Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas...
French Privacy Watchdog Probes Massive Leak of Sensitive Health Data February 24, 2021 By Helene Fouquet France’s privacy watchdog said it’s investigating the leak of sensitive health data on half a million people and said the...