Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis April 8, 2020 Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis....
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece April 8, 2020 Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and...
Ageas UK’s CEO Watson to Step Down, Succeeded by Middle April 8, 2020 After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will...
Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO April 8, 2020 Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of...
Van Gogh Theft Focuses Attention on Empty Museums’ Security During COVID-19 Crisis April 8, 2020 By Katya Kazakina, Tom Metcalf and Amanda Gordon The break-in lasted just minutes. At 3 a.m. on Monday, a thief — or thieves — forced open the glass...
Stresses of COVID-19 Hit Businesses, Their Insurers, so Partnership Is Needed: FERMA April 7, 2020 The Federation of European Risk Management Associations (FERMA) has called for enhanced understanding of the insurance needs of European businesses...
European Watchdog Urges Re/insurers to Suspend Dividends During Pandemic April 7, 2020 The European regulator has urged re/insurers to temporarily suspect dividend distributions and share buybacks aimed at remunerating shareholders, given the...
Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown April 7, 2020 By Claire Jiao, Siegfrid Alegado and Ann Koh Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains...