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...
Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion June 23, 2020 FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed...
Fidelis, Aon and Marsh Develop Marine Cargo Clause Aiming to Combat Modern Slavery June 22, 2020 A group of brokers and insurers in the London market has come together to announce a new approach to keeping...
Winners Announced for 5th Annual Efma-Accenture Innovation in Insurance Awards June 22, 2020 Efma, an association of more than 3,300 retail financial services companies in 130 countries, and Accenture, the professional services company,...
Beazley Launches Contingency Policy Covering Virtual Event Organizers June 22, 2020 Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels...
China Says Food Unlikely to Be Cause of New Virus Outbreak, but Blocks Tyson Imports June 22, 2020 By Marion Dakers and Michael Hirtzer China suspended poultry imports from a Tyson Foods Inc. plant where hundreds of employees tested positive for Covid-19, stoking concerns...
Brokerslink Network Continues African Expansion with Tunisian Broker June 22, 2020 Brokerslink announced a further expansion of its footprint in Africa with Tunisian brokerage Karé Kamoun becoming the latest affiliate to...
UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions June 22, 2020 Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus...
Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B June 19, 2020 Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last...
China Finds Coronavirus Contamination in Seafood and Meat in Beijing Food Market June 19, 2020 China has found the trading sections for meat and seafood in Beijing’s wholesale food market to be severely contaminated with...