Munich Re to Stop Selling Pandemic Business Coverage September 11, 2020 By Stephan Kahl Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a...
Fitch’s Reinsurance Outlook Remains Negative, Despite Entry into Hard Market Phase September 11, 2020 By Adrian Leonard Fitch Ratings said yesterday its ratings outlook for companies in the global reinsurance sector will continue to remain negative as...
EU Wants Better Self-Regulation by Facebook, Google, Twitter; Plans Liability Changes September 11, 2020 By Foo Yun Chee Two years after agreeing to a self-regulatory code of practice to tackle disinformation, Facebook, Alphabet’s Google, Twitter and other tech...
Summer Storms Bring Alberta’s Tab for Severe Weather Insurance Claims to $2 Billion September 11, 2020 Severe weather events have hit Alberta hard over the spring and summer months. Four events from April to August brought...
Hamilton Re Appoints Former AXIS Capital Executive as New CEO September 10, 2020 Hamilton Re has named Megan Thomas, a former AXIS Capital and AIG executive, as the company’s new chief executive officer....
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand September 10, 2020 By Mark Hollmer ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other...
Greenlight Re ‘Refreshes’ Executive Team, with New Chief Underwriting Officer and CFO September 10, 2020 Greenlight Capital Re, the Cayman Islands-based specialist property and casualty reinsurance company, has appointed Greenlight Re’s chief executive officer, Simon...
Lloyd’s Reports First Half Loss of $520M on COVID-19 Insurance Claims September 10, 2020 Lloyd’s of London recorded a pretax loss of 400 million pounds ($520.08 million) in the first half, battered by the...
China Counters U.S. ‘Clean Network’ With Own Global Data Security Initiative September 10, 2020 By Zen Soo China has launched an initiative to address global data security issues, a countermove to the U.S. “clean network” program that...
ESG Industry Booms but Investors Worry Risks Are Piling Up September 10, 2020 By Simon Jessop, Sujata Rao and Tommy Wilkes LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of...