Investment Manager Nephila Capital to Launch Lloyd’s Syndicate with ILS Specialty June 24, 2020 Nephila Capital announced that the Lloyd’s Council has given in-principle approval to Nephila’s plan to form a new syndicate. Bermuda-based...
U.S. Economic Losses from Severe Weather During May Topped $4 Billion: Aon June 24, 2020 Severe weather outbreaks across the United States, with a lot of hailstorm damage, resulted in another costly month for insurers...
More Than 10,000 People Join Lawsuit Against EasyJet for Massive Data Breach June 24, 2020 By Anthony Aarons EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million...
Global Institutional Investors, Including Insurers, Urge Brazil to Control Deforestation June 24, 2020 By Jake Spring A group of 29 global investment firms that manage $3.7 trillion are demanding meetings with Brazilian diplomats around the world...
UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources June 24, 2020 By Huw Jones Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services,...
Tropical Storm Dolly Becomes 4th Named Storm with Early Start to Hurricane Season June 24, 2020 By Brian K. Sullivan Tropical Storm Dolly spun up southeast of Halifax, Nova Scotia, becoming the Atlantic’s fourth named storm of 2020, marking the...
Business Cyber Losses Soar but Firms Fight Back with Extra Security Spending: Study June 23, 2020 By L.S. Howard Cyber losses among businesses have risen nearly six-fold during the past year, from a median cost of $10,000 per firm...
UK Insurance Broker Ardonagh Group Secures $2 Billion Loan for Acquisitions June 23, 2020 By Rachel McGovern UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by...
Bullying and Harassment Increase for Some Workers in Pandemic Lockdown: Opinion June 23, 2020 By Elisa Martinuzzi, Bloomberg Opinion Working from home should have liberated employees from toxic workplace behavior such as bullying and harassment. Amid the lockdowns, gone...
Parametric Catastrophe Facility CCRIF Pays US$3.6M to Guatemala for Excess Rainfall June 23, 2020 Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy...