Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect March 4, 2020 H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion March 4, 2020 EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a...
Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions March 4, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from...
Half of World’s Sandy Beaches May Disappear, Say Climate Researchers March 4, 2020 By Frank Jordans Scientists say that half of the world’s sandy beaches could disappear by the end of the century if climate change...
New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses March 3, 2020 Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business. The new business, which...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk March 3, 2020 AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to...
Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist March 3, 2020 By William Horobin The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how...
UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars March 3, 2020 By Huw Jones Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021 March 3, 2020 By Rob Cox and Oliver Hirt Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer...