UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts June 17, 2020 By Lucca de Paoli Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re June 16, 2020 Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with...
No-Deal Brexit Would Deepen Economic Pain for UK’s Coronavirus-Hit Companies June 16, 2020 By Joe Mayes, Deirdre Hipwell and Suzi Ring Trade talks between the EU and UK have struggled in recent weeks, increasing the prospect that Britain departs the bloc...
Allianz Global Corporate & Specialty Launches ‘Cyber Protect’ Product for UK Market June 16, 2020 Allianz Global Corporate & Specialty (AGCS) announced the launch of a new Allianz Cyber Protect product in the UK. AGCS,...
CEO Watsa Buys US$149M of ‘Ridiculously Cheap’ Fairfax Shares June 16, 2020 Fairfax Financial Holdings Ltd. announced that Prem Watsa, its chair and CEO, has purchased in the market 482,600 subordinate voting...
Charles Taylor Taps Former AXA Executive Brown as Group CEO June 16, 2020 Charles Taylor, the London-based provider of services and technology solutions to the global insurance market, has appointed Rob Brown as...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold June 16, 2020 By Tope Alake and Anthony Osae-Brown Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute June 15, 2020 By L.S. Howard The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business...
AM Best Reviews Credit Ratings of Enstar’s StarStone After Announced Capital Raise June 15, 2020 AM Best has placed under review with negative implications the credit ratings of StarStone Insurance Bermuda and its subsidiaries as...
Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK June 15, 2020 Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion...