German Prosecutors Arrest Ex-Wirecard Execs on Suspicion of Running Criminal Racket July 24, 2020 By Jörn Poltz German prosecutors arrested three former top executives of Wirecard on Wednesday, saying it suspected them of masterminding a criminal racket...
UK, EU Clash over Post-Brexit Trade Deal as End-of-Year Transition Period Looms July 24, 2020 By Elizabeth Piper and Gabriela Baczynska Britain and the European Union clashed on Thursday over the chances of securing a free trade agreement, with Brussels deeming...
Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims July 23, 2020 By Muvija M British insurer Beazley swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related...
New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine July 23, 2020 Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,*...
Swiss Re Appoints Pasricha as Global Head P&C Solutions, Succeeding Schuh July 23, 2020 Swiss Re announced that Pranav Pasricha, currently CEO of Intellect SEEC, has been appointed global head P&C Solutions of Swiss...
Swiss Re to Report $1.1 Billion Loss During First Half on Hit from COVID-19 July 23, 2020 Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to...
Zurich Insurance Decides Not to Renew Cover for Canada’s Trans Mountain Oil Pipeline July 23, 2020 Insurer Zurich has decided not to renew cover for the Canadian government’s Trans Mountain oil pipeline, said a spokeswoman for...
QBE Expects H1 2020 Loss of US$750M on COVID-19, Natural Catastrophe Claims July 22, 2020 QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and...
Miner BHP Calls $6.3B English Lawsuit over Brazil Dam Collapse ‘Pointless and Wasteful’ July 22, 2020 By Kirstin Ridley and Zandi Shabalala Anglo-Australian miner BHP has dismissed as pointless and wasteful a 5 billion pound ($6.3 billion) English lawsuit by 200,000 Brazilian...
Inconsistent Data Hinders Climate Risk Comparisons for Insurers, Banks: Regulator July 22, 2020 By Huw Jones Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent...