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...
Brit’s Digital Syndicate Ki Taps Hearsum from Marsh JLT Specialty as Managing Director July 22, 2020 Ki, the first fully digital and algorithmically driven Lloyd’s of London syndicate, launched in collaboration with Brit Ltd. and Google...
Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia July 22, 2020 Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing...
Excessive Floods Endanger Aging Chinese Dams and Could Cause ‘Black Swan’ Disaster July 22, 2020 By Ryan Woo The dam at a small reservoir in China’s Guangxi region gave way last month after days of heavy rain in...
Wirecard Hires Forensic Investigator, Say Sources. Findings Could Aid in D&O Litigation. July 21, 2020 By Arno Schuetze and Alexander Hübner German payments company Wirecard has hired Alix Partners for a forensic investigation of the accounting scandal that led to its...
January’s Hailstorms in Australia Cost Insurers an Estimated A$1.8B (US$1.3B): PERILS July 21, 2020 The industry loss footprint for the January 2020 Australian hailstorms, which occurred Jan. 19-21, 2020, are estimated at A$1.8 billion...