UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources June 24, 2020 By Huw Jones Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services,...
Tropical Storm Dolly Becomes 4th Named Storm with Early Start to Hurricane Season June 24, 2020 By Brian K. Sullivan Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study June 23, 2020 By L.S. Howard Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm...
UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions June 23, 2020 By Rachel McGovern UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by...
Bullying and Harassment Increase for Some Workers in Pandemic Lockdown: Opinion June 23, 2020 By Elisa Martinuzzi, Bloomberg Opinion Working from home should have liberated employees from toxic workplace behavior such as bullying and harassment. Amid the lockdowns, gone...
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall June 23, 2020 Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy...
Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion June 23, 2020 FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed...
Fidelis, Aon and Marsh Develop Marine Cargo Clause Aiming to Combat Modern Slavery June 22, 2020 A group of brokers and insurers in the London market has come together to announce a new approach to keeping...
Winners Announced for 5th Annual Efma-Accenture Innovation in Insurance Awards June 22, 2020 Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture, the professional services company,...
Beazley Launches Contingency Policy Covering Virtual Event Organizers June 22, 2020 Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels...