Broker Howden Launches Retail Operation in Switzerland, with Aon’s Jenny as CEO April 20, 2021 Howden, the London-based insurance broker, announced that it has appointed Felix Jenny to lead its new retail operation in Switzerland....
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey April 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their...
Kenya Startup Pula Offers Insurance to African Farmers Hit by Effects of Climate Change April 20, 2021 By Edwin Waita KITUI, Kenya – When Kenyan farmer Waki Munyalo’s crop of lentils shrank by three quarters last year because of unusually...
South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns April 20, 2021 JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million...
Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million April 20, 2021 Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total,...
Hungary’s Surprise Veto of $1B Aegon Deal with Vienna Insurance Sparks Dutch Outcry April 20, 2021 By Veronika Gulyas and Alberto Nardelli The Dutch government has raised concerns with Hungarian officials after a decision in Budapest to block the sale of Aegon...
Wildfire on Cape Town’s Table Mountain Rages Out of Control April 19, 2021 By Paul Vecchiatto and Mike Cohen More than 250 firefighters in Cape Town battled a massive blaze that broke out on the slopes of the city’s...
Arch Capital Estimates Q1 Catastrophe Losses Could Reach $190 Million April 19, 2021 Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford April 19, 2021 Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment....