Most British Companies Don’t Have Insurance for Coronavirus Closures: ABI March 17, 2020 Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers...
Canopius Acquires Bermuda-Based Specialty Reinsurer Multi-Strat Holdings March 16, 2020 Canopius Group Ltd. has purchased a majority stake in Bermuda-based Multi-Strat Holdings Ltd. Financial details of the transaction were not...
Fire Kills Five People at Petronas-Aramco Oil Refinery in Malaysia March 16, 2020 By A. Ananthalakshmi A fire killed five people at an oil refining complex in southern Malaysia owned by Petronas and Saudi Aramco, forcing...
British Insurers Suspend Sale of Travel Insurance to New Customers March 16, 2020 British insurers Admiral, Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their...
RMS Appoints Steel as Global Head of Business Development March 16, 2020 RMS, the catastrophe risk modeling company, announced the appointment of Michael Steel as global head of Business Development, joining the...
After Australia’s 2019 Floods, Insurers Begin to Bail, Banks Keep Lending March 16, 2020 By Swati Pandey, Carolyn Cohn and Simon Jessop Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are...
PERILS to Include Australian Motor in Industry Catastrophe Exposure Update March 16, 2020 PERILS, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced it will extend its line of business reporting...
Europe’s Soccer Clubs May Face $1B Bill if Coronavirus Forces Season Cancellation March 16, 2020 By David Hellier and Thomas Seal If the coronavirus forces Europe’s soccer leagues to cancel the rest of the season, TV networks may be able to...
Lloyd’s Market Association to Close Office in Response to COVID-19 March 13, 2020 The Lloyd’s Market Association (LMA) is closing its office from Tuesday March 17 until the end of March in response...
VW Launches Software It Hopes Will Make Car Accidents Obsolete by 2050 March 13, 2020 Volkswagen will launch a new software operating system this year that it hopes will make accidents involving its cars a...