For Third Point Re, COVID-19 Crisis Hurts, but It Celebrates 1st Underwriting Profit May 20, 2020 By L.S. Howard Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment...
Chinese Hackers Blamed for Accessing Records of 9 Million easyJet Customers May 19, 2020 By Jack Stubbs and Kate Holton Chinese hackers are suspected of accessing email and travel details of about nine million easyJet customers, said two sources familiar...
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties May 19, 2020 By L.S. Howard Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed...
Risk Managers Expect Prolonged Recession From COVID-19: World Economic Forum May 19, 2020 Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic...
Sony to Take Full Control of Its Financial Unit for $3.7B, Aiming for Fintech Growth May 19, 2020 By Makiko Yamazaki Sony Corp. said on Tuesday it will turn its listed financial arm, Sony Financial Holdings Inc, into a wholly owned...
India, Bangladesh Prepare for Biggest Cyclone in 20 Years with Evacuation of Thousands May 19, 2020 By Pratik Parija The biggest cyclonic storm over the Bay of Bengal in about two decades may likely weaken as it hits coasts...
Amazon’s French Warehouses to Reopen After Ending Virus Safety Dispute with Workers May 18, 2020 By Mathieu Rosemain Amazon’s French warehouses are set to reopen on Tuesday with about 30% of employees, three union officials said, ending a...
Cyclone Amphan Intensifies, Threatening India, Bangladesh with Dangerous Storm Surge May 18, 2020 Tropical Cyclone Amphan has intensified into the equivalent of a Category 5 storm as it tracks toward India and Bangladesh...
AM Best’s Stress Testing Indicates Most Insurers Can Withstand Pandemic Hit May 18, 2020 Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary...
China Urges Local Firms to List in London with China Pacific Insurance Leading the Pack May 18, 2020 By Abhinav Ramnarayan, Julie Zhu and Michelle Price China is urging domestic companies to look at listing in London, several sources told Reuters, as the country aims to...