Industry Underestimating COVID-19 Biz Interruption Losses: RenRe CEO January 29, 2021 By Susanne Sclafane During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in...
UK Chancellor Sunak Seeks Deeper UK Insurance, Banking Ties with Switzerland January 28, 2021 By Alex Morales UK Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries...
Luxembourg Signs Restitution Agreement for Holocaust Victims January 28, 2021 LUXEMBOURG— The Luxembourg government signed a deal Wednesday with the World Jewish Restitution Organization to pay reparations and to restitute...
Aon, Willis Announce Leadership Team for Post-Merger Brokerages January 28, 2021 In anticipation of their proposed merger receiving final approval, insurance brokers Aon and Willis Towers Watson announced the future leadership...
AXA XL Names Colao as Global Chief Underwriting Officer for Cyber January 28, 2021 AXA XL announced that Michael Colao, who has 20 years experience in financial services cyber security, has been named global...
China Urges International Cooperation on Financial Services, Technology Regulation January 28, 2021 By Brenda Goh and Cheng Leng SHANGHAI— China’s regulators want to step up exchanges with international counterparts and strengthen co-operation on anti-trust issues, data treatment and...
China Approves Allianz Bid to Open Insurance Asset Management Firm in Beijing January 28, 2021 By Samuel Shen and Andrew Galbraith SHANGHAI— Allianz said on Thursday it had obtained regulatory approval to set up China’s first wholly foreign-owned insurance asset management...
Airlines Seek WHO Approval of Quarantine-Free Travel After Vaccines January 27, 2021 By Christopher Jasper The airline industry has called on the World Health Organization to rule it’s safe for people to fly without quarantining...
World Economic Forum: Allianz CEO Says Europe Must Alter Capital Rules for Climate January 27, 2021 By Simon Jessop European regulators need to overhaul their capital rules to free up insurers to invest more in climate-friendly infrastructure projects, the...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...