P/C Insurers Score Low for Innovation, While Reinsurers Do Better: AM Best March 18, 2020 By Susanne Sclafane In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses March 18, 2020 Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus,...
International General Insurance and Tiberius Acquisition Complete Merger March 17, 2020 International General Insurance Holdings Ltd. (IGI) and the special purpose acquisition company Tiberius Acquisition Corp. have completed their previously announced...
Willis Towers Watson Launches Business Aviation Community Group March 17, 2020 Willis Towers Watson announced the launch of “A Class,” a community group focused on delivering data, knowledge and solutions to...
Everest Re Restructures Risk Management Function, Naming Mango CRO, Chief Actuary March 17, 2020 Everest Re Group Ltd. announced the promotion of Don Mango to Everest Group chief risk officer and chief actuary, effective...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus March 17, 2020 By Pamela Barbaglia European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the...
Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI March 17, 2020 Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings March 16, 2020 Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not...
Fire Kills Five People at Petronas-Aramco Oil Refinery in Malaysia March 16, 2020 By A. Ananthalakshmi A fire killed five people at an oil refining complex in southern Malaysia owned by Petronas and Saudi Aramco, forcing...
British Insurers Suspend Sale of Travel Insurance to New Customers March 16, 2020 British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their...