Markel International Exits Personal Accident, Contingency Insurance on COVID-19 Impact June 18, 2020 Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely...
S&P’s Outlook for AGCS Revised to Negative on ‘Weak Underwriting Performance’ June 18, 2020 S&P Global Ratings has revised its outlook on Allianz Global Corporate & Specialty SE (AGCS) to negative from stable, while...
Update: Lloyd’s of London Apologizes for Its ‘Shameful’ Role in Atlantic Slave Trade June 18, 2020 By Guy Faulconbridge and Kate Holton The Lloyd’s of London insurance market has apologized for its “shameful” role in the 18th and 19th Century Atlantic slave...
Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown June 18, 2020 Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s...
Sailors Stranded by COVID Restrictions Could Refuse to Work, Causing Trade Disruption June 17, 2020 By Elena Becatoros Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further...
New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club June 17, 2020 Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England...
AXA XL Taps Clarke from WTW, Generali’s Warke for UK Broker Management Team June 17, 2020 AXA XL announced two additions to its UK broker management team: Michael Clarke has been appointed Regional Broker Distribution leader...
When UK Firms Transfer Pension Obligations to Insurers, They See Share Boost: Report June 17, 2020 Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more...
Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections June 17, 2020 By Morten Buttler and Patrick Donahue Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for...
China Pacific Insurance Co.’s Shares Rise on $1.8 Billion London Market Debut June 17, 2020 By Huw Jones and Abhinav Ramnarayan Shares in China Pacific Insurance Co. (CPIC) rose on their London debut on Wednesday after the company completed the largest...