Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms April 16, 2020 By Tasos Vossos A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan April 16, 2020 Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...
Howden Broking Group Buys Greece’s Matrix Insurance & Reinsurance Brokers April 16, 2020 Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece. Financial...
Sompo Int’l to Exit Lloyd’s, Writing New Business from London Company Market Platform April 15, 2020 Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that as part of...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
Insurance Australia Group, AMMB Seek to Sell Their Malaysian Auto Insurer: Sources April 15, 2020 By Elffie Chew The owners of AmGeneral Insurance Bhd., Malaysia’s second-biggest auto insurer, have restarted a sale process and are seeking as much...
Willis Towers Watson’s Climate & Resilience Hub Taps Scott from BofE as Senior Director April 15, 2020 Willis Towers Watson announced the appointment of Matt Scott as a senior director in its Climate and Resilience Hub. Scott...
QBE Insurance Plans US$825M Capital Raise on COVID-19 Economic Uncertainties April 15, 2020 QBE Insurance is planning to raise about US$825 million in capital as a result of the economic and investment market...
Miller Launches Quote and Bind Platform for Yacht Insurance April 15, 2020 Miller Insurance Services LLP has launched a quote and bind platform called “Atlantic,” which aims to provide “a more sophisticated...