Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold June 16, 2020 By Tope Alake and Anthony Osae-Brown Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute June 15, 2020 By L.S. Howard The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business...
AM Best Reviews Credit Ratings of Enstar’s StarStone After Announced Capital Raise June 15, 2020 AM Best has placed under review with negative implications the credit ratings of StarStone Insurance Bermuda and its subsidiaries as...
Marsh JLT Specialty Expands Renewable Energy Team with Appointments in Canada, UK June 15, 2020 Insurance broker Marsh announced two senior appointments within Marsh JLT Specialty’s Renewable Energy team, as part of its continued expansion...
Cryptocurrency Firm Quadriga Collapsed Due to Late Founder’s Ponzi Scheme: Regulator June 15, 2020 By Nichola Saminather Last year’s collapse of Canadian cryptocurrency trading platform QuadrigaCX was due to a Ponzi scheme operated by founder Gerald Cotten,...
UK Insurer Admiral Weighs Sale of Price Comparison Platform June 15, 2020 By Dinesh Nair UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals,...
UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources June 15, 2020 By Jan-Henrik Förster and Aaron Kirchfeld UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according...
McLarens Acquires Energy Claims Specialist LWI in London June 12, 2020 Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global...
South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims June 12, 2020 By Roxanne Henderson A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected....
Edge Computing, Supply Chains, Deepfakes Among 2020’s Top Emerging Risks: Swiss Re June 12, 2020 By L.S. Howard Pandemic threats were once on the list of potential emerging risks facing the insurance industry and society. Now that this...