Investors, Insurers Warned of Risk of U.S. Sanctions for Russian Pipeline Ties July 17, 2020 By Timothy Gardner and Humeyra Pamuk U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could...
Castel Acquires Dutch Marine Business from The Hartford July 17, 2020 Castel Underwriting Europe B.V. has agreed to acquire the renewal rights for a Navigators Europe book of predominantly of Dutch...
London Market Group Launches Template for Free Trade in Financial Services July 17, 2020 The London Market Group (LMG) launched a paper outlining an ambitious approach to free trade in financial services, using the...
Hailstorm in June Was One of Canada’s Costliest Thunderstorm-Related Events: Aon July 17, 2020 Canada saw powerful a series of powerful thunderstorms in June, which brought hail greater than the size of tennis balls...
Adviser to EU Judges Says Online Platforms Not Liable for User Copyright Violations July 16, 2020 By Marine Strauss Google’s YouTube and other online platforms are not liable when users illegally upload copyrighted works onto their platforms, but rightholders...
Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
European Union Court Invalidates Special Data Privacy Shield Granted U.S. Firms July 16, 2020 By Foo Yun Chee and Marine Strauss LUXEMBOURG – Europe’s highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about...
Guy Carpenter Launches Hybrid Solutions UK with Willis Towers Watson’s Upton at Helm July 16, 2020 Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the...
Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report July 16, 2020 Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year,...
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk July 16, 2020 By Roxanne Henderson South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance...