Europe Reinsurers’ H1 Profits Climb on Lower COVID Claims, Hardening Prices: Moody’s August 19, 2021 The four largest European based reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – reported sharply higher profits...
Goldman Sachs to Buy Asset Management Arm of Insurer NN Group for Nearly $2B August 19, 2021 By Toby Sterling AMSTERDAM – Goldman Sachs said on Thursday it will buy Dutch insurer NN Group’s asset management arm for around 1.7...
Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake August 19, 2021 CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the...
Why Haiti Is Prone to Deadly Earthquakes August 19, 2021 By Ben Finley Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed...
UK Court Approves $14 Billion-Plus Class Action Against Mastercard August 19, 2021 By Kirstin Ridley A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard that...
Tokio Marine Insurance Singapore Hit by Ransomware Attack August 19, 2021 Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber...
Marsh and Citi Develop Risk Program With 6 Insurers to Deliver Vaccines Globally August 19, 2021 Global insurance broker Marsh and global bank Citi said they have developed a risk mitigation structure to cover the risk...
People Moves: Africa Specialty Risks Names Bheenick as Mauritius Managing Director; WTW’s Whyte Joins Miller for APAC Expansion August 18, 2021 Africa Specialty Risks Names Bheenick Managing Director in Mauritius Africa Specialty Risks (ASR), the pan-African focused reinsurance group, has appointed...
Swiss Re Hires CNA’s Stephenson to Lead Casualty; Richards Named CEO UK & Ireland August 18, 2021 Swiss Re announced changes in the leadership of its Reinsurance Business Unit. Effective Jan. 1, 2022, Jason Richards will become...
Catastrophe Bond Market Breaks New Record with $8.5 Billion of Securities Issued August 18, 2021 Catastrophe bonds broke a record during the first half of the year with about $8.5 billion of new securities issued,...