Brazil Reinsurer IRB Eyes Purchase of Foreign Competitors’ Portfolios: Sources May 22, 2020 By Aluísio Alves Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin...
Update: Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit May 21, 2020 By L.S. Howard Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1...
When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal May 21, 2020 By Lawrence White, Carolyn Cohn and Pamela Barbaglia Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing...
Update: Cyclone Amphan Floods Areas of India and Bangladesh, Killing Dozens of People May 21, 2020 By Pradipta Mukherjee, Arun Devnath and Pratik Parija The biggest cyclonic storm over the Bay of Bengal in two decades wrecked havoc along India’s east coast and in...
UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million May 21, 2020 By Carolyn Cohn British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter...
Activist Shareholder Urges Watford Holdings to Sell Itself, or Be Put Into Runoff May 20, 2020 By L.S. Howard Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the re/insurer to sell itself or...
BMS Names Former Everest CEO Addesso as Non-Exec Chair of U.S. Reinsurance Arm May 20, 2020 BMS Group, the London-based specialist re/insurance broker, announced the appointments of Dominic Addesso as non-executive chairman and LoriAnn Lowery-Biggers as...
Allianz Group Appoints Richter to Lead Cyber Center of Competence May 20, 2020 Dr. Catharina Richter will be appointed global head of Cyber Center of Competence for Allianz Group, effective June 1, 2020....
Generali Digitizes Art Insurance, Offering Collectors Remote Evaluation of Artworks May 20, 2020 ARTE Generali, Generali Group’s business unit that provides art insurance to collectors, has unveiled a new app, which offers remote...
Brexit Talks Become Acrimonious as UK Slams EU’s ‘Unworthy’ Trade Offer May 20, 2020 By Ian Wishart and Joe Mayes Boris Johnson’s chief Brexit negotiator accused the European Union of offering the UK only a “low-quality” trade deal as talks...