UK COVID-19 Insurance Dispute Could Be Heading to Supreme Court as Talks Falter October 1, 2020 By Kirstin Ridley and Carolyn Cohn Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to...
India Weighs Sale of 25% Stake in Nation’s Biggest Life Insurer September 30, 2020 By Siddhartha Singh India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge...
Lloyd’s Launches Biz Interruption Insurance Policy for SMEs, Led by Tokio Marine Kiln September 30, 2020 Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT...
Private Equity Firm Hg Invests in Hyperion in Transaction Valued at US$5 Billion September 30, 2020 Hg, the European private equity investor focused on software and service businesses, announced it will make a significant long-term equity...
Many Financial Firms and Governments See Cryptocurrencies as Risky: Survey September 30, 2020 By Tom Wilson Financial firms and governments overwhelmingly see cryptocurrencies as risky, a major survey found on Tuesday, with the potential for bitcoin...
Equity Volatility Is Most Significant Risk for Investors: AIA Group CIO September 30, 2020 By Divya Chowdhury Heightened equity market volatility extending beyond the U.S. presidential election is the most significant risk for investors, AIA Group’s chief...
HDI Global Specialty Names Inter Hannover’s Barenthein as MD of Scandinavian Branch September 30, 2020 HDI Global Specialty SE has appointed Thomas Barenthein as the managing director of its Scandinavian Branch. Barenthein joins the specialty...
COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks September 30, 2020 By L.S. Howard Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing...
Uber Granted 18-Month License Extension in London After Legal Review September 29, 2020 By Ellen Milligan and Amy Thomson Uber Technologies Inc. won the ability to continue operating in its biggest European market after a London judge granted the...
Howden Acquires London-Based Broker St Giles Legal & Professional Risks September 29, 2020 Howden, the independent employee-owned insurance broker, announced it has reached an agreement to acquire St Giles Legal & Professional Risks,...