Argo Group to Pay $900,000 to SEC for Failing to Fully Disclose CEO Perks June 5, 2020 By L.S. Howard Argo Group International Holdings will pay $900,000 to the Securities and Exchange Commission for failing to fully disclose perks and...
AM Best Upgrades Credit Ratings of Fidelis Insurance Holdings and Its Subsidiaries June 5, 2020 AM Best has upgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best upgraded the Financial...
Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change June 4, 2020 By Yuliya Fedorinova A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000 June 4, 2020 By Rafiq Maqbool, Emily Schmall and Aniruddha Ghosal A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...
UK Employee Union Urges Insurers, Banks to Protect Call Center Staff During Pandemic June 4, 2020 Employee union Unite has called on finance firms to do more to protect call center staff after a survey of...
AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...
UK’s Direct Insurance Group Commits to Permanent Homeworking for Its Workforce June 3, 2020 Direct Insurance Group, a London-based specialty insurance broker and underwriting business, announced it has commited to a remote working policy...
UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown June 3, 2020 Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to...