France’s AXA Drops German Power Giant RWE as a Client over Large Coal Operations March 12, 2021 By Alastair Marsh and Vanessa Dezem AXA SA, France’s biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights...
Insurer Sanlam Braces for More Virus Waves in South Africa March 12, 2021 By Roxanne Henderson South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the...
Microsoft Flaw Exposes as Many as 60,000 Computer Systems in Germany March 11, 2021 By Andreas Rinke BERLIN – As many as 60,000 computer systems in Germany were exposed to a flaw that allows unauthorized users to...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
Italy’s Generali Expects to Hit 2021 Targets After Reporting ‘Excellent’ Results in 2020 March 11, 2021 By Gianluca Semeraro MILAN – Generali is confident it can hit its targets this year after Italy’s biggest insurer overcame a negative impact...
German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger March 11, 2021 By Douglas Busvine BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones...
Canada’s Trans Mountain Pipeline Wants to Keep Insurers Secret from Project Protestors March 11, 2021 By Robert Tuttle Trans Mountain Pipeline LP is petitioning to keep the insurers of its controversial Canadian oil sands pipeline confidential as environmental...
Credit Suisse Faces Questions from Regulators, Insurers After Collapse of Greensill Funds March 11, 2021 By Brenna Hughes Neghaiwi, Makiko Yamazaki and Pamela Barbaglia ZURICH/TOKYO – Credit Suisse faces questions from regulators and insurers as it grapples with the fallout from the collapse of...
BI Innovation Coming Soon: Low-Limit Policies from Insurtech Thimble March 11, 2021 By L.S. Howard See a need and then fill it. That’s the secret of most successful businesses—and that was the driving motivator of...
DARAG to Provide Retrospective Quota Share Reinsurance for Protector Forsikring March 10, 2021 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has signed a retrospective quota share reinsurance agreement with Protector Forsikring...