Allianz’ Net Profit Drops 29% in 2nd Quarter Amid COVID-19 Crisis August 5, 2020 German insurer on Wednesday posted a 29% fall in net profit in the second quarter from a year earlier and...
UK Insurer Direct Line’s H1 Profits Beat Forecasts as Auto Claims Drop During Lockdown August 4, 2020 By Muvija M Insurer Direct Line gave a double bonus to shareholders on Tuesday as first-half profits beat expectations due to a slump...
Lloyd’s Promotes Spyropoulos to CEO, Lloyd’s Asia, and Country Manager, Singapore August 4, 2020 Lloyd’s, the specialist insurance and reinsurance market, announced it has promoted Pavlos Spyropoulos to CEO of Lloyd’s Asia and country...
Aon’s Reinsurance Solutions Taps Turner from AXA XL to Lead UK Property Team August 4, 2020 The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard...
Aviation Sector Carries Biggest Risk of Corporate Default from Pandemic: Gallagher August 4, 2020 The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a...
UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims August 4, 2020 Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face...
EXOR and Covéa ‘Normalize’ Relations After Failed PartnerRe Deal August 4, 2020 Italy’s EXOR said on Monday that French insurer Covéa had agreed to invest a total of 1.5 billion euros ($1.8...
Hamilton Re CEO Reardon Exits with Brown Named Interim CEO August 3, 2020 Hamilton Insurance Group Ltd. announced that David Brown has been appointed interim CEO of Hamilton Re Ltd. It was also...
COVID-19 Will Drive Demand in UK for Bike Insurance: GlobalData August 3, 2020 Bicycle insurance is not a popular product in the UK – but that could be about to change, said GlobalData,...
Krefta, CEO of Hiscox Re & ILS, to Exit Hiscox to Pursue Interests Outside of Insurance August 3, 2020 Hiscox, the global specialist insurer, announced that Mike Krefta has decided to return to the UK in early 2021, having...