Massive Fuel Spill in Siberia Blamed on Melting Permafrost – or Climate Change June 4, 2020 By Yuliya Fedorinova A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
Cyclone Nisarga Lashes India’s Business Capital, Forcing Evacuation of 100,000 June 4, 2020 By Rafiq Maqbool, Emily Schmall and Aniruddha Ghosal A cyclone made landfall Wednesday south of India’s financial capital of Mumbai, with storm surge threatening to flood beaches and...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...
UK Employee Union Urges Insurers, Banks to Protect Call Center Staff During Pandemic June 4, 2020 Employee union Unite has called on finance firms to do more to protect call center staff after a survey of...
AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...
UK’s Direct Insurance Group Commits to Permanent Homeworking for Its Workforce June 3, 2020 Direct Insurance Group, a London-based specialty insurance broker and underwriting business, announced it has commited to a remote working policy...
UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown June 3, 2020 Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to...
Billionaire Del Vecchio Doesn’t Seek Merger Between Generali and AXA or Zurich: Source June 3, 2020 Leonardo Del Vecchio’s plans to boost the European presence of Italy’s top insurer Generali do not include a cross-border merger...
No-Deal Brexit Could Hobble UK’s Recovery from Coronavirus Pandemic June 3, 2020 By Jill Ward The threat of a no-deal Brexit is back — and with it the risk that the UK economy’s shaky recovery...