Spanish Bank Bankinter to Spin Off Its P/C Insurance Unit Linea Directa March 23, 2021 MADRID – Spanish bank Bankinter said on Tuesday it cleared all regulatory hurdles to spin off its insurance unit Linea...
Steinhoff International’s Insurers Agree to Pay $93 Million for Directors’ Liability Claims March 23, 2021 By Janice Kew Most of the insurers that provided Steinhoff International Holdings NV with director-liability policies have agreed to pay as much as...
World’s 1st Catastrophe Bond for Volcanic Eruptions Aims to Improve Disaster Relief March 23, 2021 The Danish Red Cross is offering the world’s first catastrophe bond for volcanic eruptions, which is designed to improve the...
Insurer Tokio Marine Expects No Material Impact on 2021 Results from Greensill Collapse March 23, 2021 TOKYO – Japanese insurer Tokio Marine Holdings Inc said on Tuesday it currently expects no material impact on its results...
Swiss Cyber Security Firm Says It Accessed Servers of a SolarWinds Hacking Group March 23, 2021 By Daniele Lepido A Swiss cyber-security firm says it has accessed servers used by a hacking group tied to the SolarWinds breach, revealing...
Central Europe Could Face Megadroughts as Climate Change Hits March 23, 2021 By Jonathan Tirone Policy makers who are raising the alarm over water scarcity could still be underestimating the scale of droughts in store...
UFG Insurance to Diversify Risk Profile by Expanding into Reinsurance Across U.S. March 23, 2021 By L.S. Howard UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share...
Climate Change Could Cut 63 Countries’ Credit Ratings by 2030: University Study March 22, 2021 By Marc Jones LONDON – A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half...
Japanese Carmakers Assess Effect on Supply Chain of Renesas Chip Plant Fire March 22, 2021 TOKYO – Toyota, Nissan, Honda and other Japanese carmakers scrambled on Monday to assess the impact on their production of...
Lloyd’s Insurer AEGIS London Moves to New Office March 22, 2021 Top quartile Lloyd’s Syndicate 1225, managed by AEGIS Managing Agency Ltd. (AEGIS London), is moving to a new office to...