New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO December 11, 2020 By L.S. Howard Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn’t too concerned about the...
Cyber Attack on EU Drug Regulator Has Not Disrupted Work on COVID-19 Vaccines December 11, 2020 BRUSSELS – The head of the European Union drug regulator said on Thursday the agency’s work assessing COVID-19 vaccines had...
Insurers Ink $90 Billion in Merger Deals as They Pursue Post-Coronavirus Clout December 10, 2020 By Lucca de Paoli Insurers pummeled by the pandemic are looking to deals as they race to see who’ll emerge strongest when the outbreak...
AIG’s Sharpe Named Head of AGCS’ Distribution Unit as Restructure Continues December 10, 2020 Allianz Global Corporate & Specialty (AGCS) has appointed Jeremy Sharpe to lead its Global Distribution unit, taking over this role...
Fidelis Raises $185M of Capital, Bringing 2020 Total to More than $1.3B December 10, 2020 Fidelis Insurance Holdings Ltd. announced it has raised in the fourth quarter of 2020 an additional $60 million of equity...
Efma and Accenture Launch 6th Annual Innovation in Insurance Awards December 10, 2020 Efma and Accenture are now accepting applications for the sixth annual Efma-Accenture Innovation in Insurance Awards, which recognize insurers and...
Royal Caribbean Cruise Cut Short When Passenger Tests Positive for COVID-19 December 10, 2020 SINGAPORE – An elderly passenger on board a Royal Caribbean “cruise to nowhere” has been diagnosed with the coronavirus, prompting...
‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks December 10, 2020 By Alastair Marsh Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than...
Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
Credit Suisse Shuts Humbolt Re and Kelvin Re After Investor Withdrawals December 10, 2020 By Patrick Winters and Marion Halftermeyer Credit Suisse Group AG is winding down two reinsurance vehicles with assets of about $2 billion after key investors moved...