Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey August 11, 2020 By Brendan Murray Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS August 11, 2020 The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61...
Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation August 11, 2020 By Carolyn Cohn Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters...
Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter August 11, 2020 Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port...
Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability August 11, 2020 By Tsuyoshi Inajima and Shiho Takezawa The oil cleanup from a leaking cargo ship that ran aground off the coast of Mauritius continues while the government...
AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources August 10, 2020 By Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according...
Marsh JLT Specialty Promotes Cheung to UK Placement Leader August 10, 2020 Broker and risk adviser Marsh announced the appointment of Winsee Cheung as UK Placement Leader, Marsh JLT Specialty. Effective in...
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market...
Trust in Insurers/Finance Could Take Long-Term Battering with COVID Crisis: Opinion August 10, 2020 By Elisa Martinuzzi, Bloomberg Opinion Like the rest of us, the world’s finance industry is still wrestling with the huge uncertainty of a pandemic that...
India’s Aviation Regulator Points to Pilot Error in Air India Express Crash August 9, 2020 By Anurag Kotoky The Air India Express jet that overshot the runway on Friday, killing at least 18 people, had touched down too...