Canada Government Must Move Quickly to Map Flood Risks, Insurers Warn March 5, 2020 By Steve Scherer Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come? March 4, 2020 By Bob Van Voris, Edvard Pettersson, Chris Dolmetsch and Hugo Miller The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day...
Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS March 4, 2020 The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS,...
Pool Re Completes £2.4 Billion Terrorism Retrocession Program March 4, 2020 Pool Re, a leading British terrorism reinsurer, said it has completed placement of its £2.4 billion retrocession program with more...
Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect March 4, 2020 H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion March 4, 2020 EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a...
Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions March 4, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from...
Half of World’s Sandy Beaches May Disappear, Say Climate Researchers March 4, 2020 By Frank Jordans Scientists say that half of the world’s sandy beaches could disappear by the end of the century if climate change...
New Insurer Relm Offers Cover for Cryptocurrency, Cannabis Businesses March 3, 2020 Relm, a Bermuda-based insurer that specializes in emerging business categories, has opened its doors for business. The new business, which...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...