JOHANNESBURG – A South African court on Thursday dismissed insurer Guardrisk’s appeal against a previous ruling that found it was liable pay a Cape Town cafe’s rejected coronavirus claim. Like other insurers in South Africa and around the world, Guardrisk, …
Japan Post Holdings Co.’s insurance unit plans to buy back about 300 billion yen ($2.9 billion) of shares from its parent, giving the insurer more freedom to expand its business, according to people with knowledge of the matter. The holding …
The SCOR board of directors has unanimously chosen Benoît Ribadeau-Dumas as the next chief executive officer of SCOR, succeeding Denis Kessler, SCOR’s current chairman and CEO. With effect from Jan. 1, 2021, Ribadeau-Dumas will become deputy chief executive officer of …
BRUSSELS – Britain and the European Union have moved closer to sealing a new trade deal but it was still unclear if they would succeed, the bloc’s chief executive said on Wednesday. Britain and the EU are in the final …
Insurance broker Marsh announced the appointment of Phil Hobson as affinity leader, International Division. Effective Jan. 1, 2021, Hobson will join the International Executive Committee and report to Flavio Piccolomini, president of Marsh’s International Division. He will relocate from Hong …
Zego, the London-based fleet and mobility insurance provider, has received a broking license from the Dutch regulator AFM. The license provides a foundation for the company’s continued expansion across Europe, enabling it to work with EU-based insurance partners and customers, …
Omaha-based insurer Applied Underwriters Inc. announced it has formed Applied Financial Lines Ltd., a new European subsidiary, which will operate from Paris and Cologne. The new company will underwrite several specialty lines, including professional indemnity and directors and officers, in …
MILAN — Italy’s Banco BPM said it would end an insurance partnership with Cattolica by acquiring full control of their joint-ventures, in a move that may ease a mooted tie-up with BPER Banca. Banco BPM said late on Tuesday it …
Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to US$83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according to the Swiss Re Institute in its preliminary sigma estimates. Natural …
While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead. Rising insolvency exposures, growing cyber security threats and persistent …
