Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis March 25, 2020 Reinsurance broker Guy Carpenter & Co. has entered into a strategic relationship with RiskGenius to expand the detection and qualitative...
India in Lockdown Rushes to Maintain Back Office Functions for Global Businesses March 25, 2020 By Saritha Rai and Anto Antony Companies in India are scrambling to ensure that the millions who staff the back offices of Wall Street banks and...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS March 24, 2020 The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according...
Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History March 24, 2020 By Sakura Murakami and Karolos Grohmann The Tokyo Olympics were postponed on Tuesday into 2021, the first such delay in the Games’ 124-year modern history, as...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe March 24, 2020 Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector...
BMS Buys Spanish Specialist Insurance Broker Jurado Mata March 24, 2020 BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish...
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M March 24, 2020 UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...
Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns March 23, 2020 By Jonathan Saul, Sonya Dowsett and Lisa Baertlein Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to...