Insurers Continue to Cover Beach Resorts Despite Spate of Caribbean Hurricanes September 25, 2019 By Patrick Clark Frenchman’s Reef, the largest resort on St. Thomas, was smashed by Hurricane Irma, which breached roofs, caved in walls and...
Insurers to Offer up to $5B in Capacity to Hike Developing Nations’ Climate Resilience September 25, 2019 By Katherine Chiglinsky Insurers are partnering with the United Nations and other public groups to help the poorest countries bounce back from natural...
U.K. PM Johnson Vows to Exit EU (With or Without a Deal) After Historic Court Defeat September 24, 2019 By Tim Ross and Robert Hutton A defiant Boris Johnson hit back at the U.K.’s top judges and vowed to take the country out of the...
Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment September 24, 2019 By L.S. Howard Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of...
Allianz, MS&AD, Other Suitors in Race to Buy Aviva’s Asia Units for Up to $2.5B: Sources September 24, 2019 By Sumeet Chatterjee and Anshuman Daga German insurer Allianz, Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of...
Many Major Central Banks, Minus U.S. Fed, Taking Action on Climate Change Risks September 24, 2019 By Jill Ward Bank of England Governor Mark Carney was in no mood for laughter as he stood in his tuxedo before the...
BHSI Opens Office in Spain, Names Almazan from RSA as Country Manager September 24, 2019 Berkshire Hathaway Specialty Insurance (BHSI) announced that it has further expanded its global footprint, opening a new office in Madrid,...
Travelers to Transfer European Business to Dublin Subsidiary in Preparation for Brexit September 24, 2019 Travelers Insurance Co. Ltd., the U.K. subsidiary of The Travelers Cos., has received approval from the High Court of England...
Rethinking the Limits of Parametric Insurance September 24, 2019 By Michael W. Elliott It’s time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically...
U.K. Travel Insurer Saga Secures Flights for Clients Hit by Collapse of Thomas Cook September 23, 2019 Saga Plc said on Monday it was securing alternative flights, where possible, for customers who are due to travel imminently...