Blenheim Gets Initial Approval from Lloyd’s to Launch New Managing Agency March 27, 2020 Blenheim Underwriting announced it has been granted ‘approval in principle’ by the Lloyd’s board to establish a new managing agency....
China’s Factories Hit with 2nd Blow from Coronavirus as External Demand Drops March 27, 2020 By Jinshan Hong and Lin Zhu Since last week, emails from foreign clients have been flooding into export manager Grace Gao’s in-box, asking to delay orders...
Former Lloyd’s CEO Beale to Become Chair of South Africa’s Mediclinic March 27, 2020 Mediclinic International Plc has appointed former chief executive of Lloyd’s of London, Inga Beale, as an independent non-executive director and...
COVID-19 Quarantined Doctors Turn to Telemedicine to Keep Seeing Patients March 27, 2020 By Amy Thomson and Helene Fouquet Marie-Pascale Schuller started feeling sick last week. The 57-year-old doctor specializes in respiratory illnesses, and she had a strong suspicion...
Pandemic Hampers World’s Weather Forecasts with Halting of Commercial Flights March 26, 2020 By Brian K. Sullivan The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in...
Insurer Ageas Uses AI to Create End-to-End Car Damage Assessments in UK March 26, 2020 Ageas is using artificial intelligence (AI) to create end-to-end assessments and estimates of vehicle damage, which it says is a...
Australia Firms Begin to Use Legal Clause to Terminate M&A Deals Amid Virus March 26, 2020 By Paulina Duran and Kane Wu Several Australian companies are reviewing or even terminating takeover deals by using a legal escape route because of the devastating...
Lloyd’s Returns to Profit, Says in ‘Strong Position’ to Respond to COVID-19 March 26, 2020 By L.S. Howard While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...
Zurich Expands Marine Insurance Platform into Additional Countries, Regions March 25, 2020 Zurich Insurance Group is expanding the roll-out of a new marine insurance platform for small and medium cargo, following its...