Assoc. of Bermuda Insurers and Reinsurers Elects Arch Capital’s Grandisson as Chair January 7, 2021 The Association of Bermuda Insurers and Reinsurers (ABIR) announced its biennial election of officers for 2021-2022. New ABIR officers elected...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity January 7, 2021 Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist...
Global Natural Catastrophes Cost $210 Billion in 2020: Munich Re January 7, 2021 Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit...
COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms January 7, 2021 By Silla Brush Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the...
Marsh Launches UK & Ireland Sharing Economy & Mobility (SE&M) Industry Group January 6, 2021 Marsh, the insurance broker and risk adviser, has launched a dedicated Sharing Economy & Mobility (SE&M) industry group in the...
Final Insured Losses for Australian Bushfires of 2019/2020 Estimated at A$1.866B January 6, 2021 Insured losses for the Australian bushfires of 2019/2020 rose to A$1.866 billion (US$1.441 billion), according to estimates issued by PERILS,...
British Columbia’s New COVID-19 Restrictions Disrupt Construction Projects January 6, 2021 By Nia Williams CALGARY, Alberta – Restrictions imposed by British Columbia to fight the spread of COVID-19 infections after the holiday break have...
January Renewals Saw Some of Sharpest Price Hikes in Recent Years: Howden January 6, 2021 Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic...
TigerRisk Names Ridpath a Partner in Casualty Practice January 6, 2021 Broker/adviser TigerRisk announced it has appointed Glyn Ridpath a partner in the company’s fast-growing Casualty Practice. Based in London, he...
Peruvian Health Minister Points to ‘Controversy’ over Pfizer Vaccine Liability Waiver January 6, 2021 By Maria Cervantes LIMA – Peru’s health minister said on Tuesday that “controversy” had arisen over a liability waiver in the country’s negotiations...