French Mutual Insurer Covéa Eyes Purchase of AXA XL’s Reinsurance Business: Reports June 28, 2021 By L.S. Howard Covéa, the French non-life mutual, is interested in acquiring AXA XL’s reinsurance business, AXA Re, in a deal that could...
Insured Losses for March’s New South Wales, Queensland Floods Estimated at A$916M June 28, 2021 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the New...
Update: Hurricane Enrique Brushes Past Mexico’s Pacific Coast June 28, 2021 MEXICO CITY – The first hurricane of the eastern Pacific season brushed past the coastal shoulder of southwestern Mexico Monday,...
Dutch Insurer NN Group Offers to Buy Part of MetLife’s European Businesses June 28, 2021 By Jan-Henrik Förster and Katherine Chiglinsky NN Group NV offered to acquire part of MetLife Inc.’s businesses in Europe, saying the move is in line with...
UK Accounting Regulator Probes Greensill and Wyelands Bank Auditors June 28, 2021 By Huw Jones LONDON – Britain’s accounting regulator said on Monday it has opened investigations into the audits of Greensill Capital and Wyelands...
Hiscox Agrees to Arbitration Settlement with UK Policyholders over COVID-19 BI Losses June 28, 2021 Hiscox has agreed an arbitration settlement with a group of policyholders over business interruption losses due to the government’s COVID-19...
People Moves: Arch’s Kashuba, TransRe’s Robinson to Ascot; Marsh’s Little to MS Amlin; Allianz’ Schaefer to Howden June 25, 2021 These international People Moves detail new hires at two Lloyd’s insurers (Ascot and MS Amlin) and broker Howden. A summary...
Former Atlantia Execs Face Trial over 2018’s Fatal Genoa Bridge Collapse: Sources June 25, 2021 By Emilio Parodi and Francesca Landini Italian prosecutors investigating the deadly collapse of a bridge in 2018 have asked for 59 people, including former Atlantia CEO...
UK Court of Appeal Confirms Riders for Food Delivery Firm Deliveroo Are Self-Employed June 25, 2021 LONDON – Britain’s Court of Appeal confirmed on Thursday that riders for food delivery firm Deliveroo were self-employed, dismissing a...
Update: Deadly, Rare Tornado Devastates Towns in Southern Czech Republic June 25, 2021 By Jason Hovet Hrusky, Czech Republic — Emergency workers and residents combed through wreckage in southern Czech Republic on Friday after a tornado...