UK Financial Services Firms Weigh Options for Post-Coronavirus Work Arrangements May 12, 2020 By Huw Jones Many of the City of London’s bankers and traders will be working from their kitchens or bedrooms for at least...
Commercial Insurance Rates in Q1 Rise 14%, Even Before Impact of COVID-19: Marsh May 12, 2020 Global average commercial insurance prices increased 14% in the first quarter of 2020 – but the rate hikes were not...
Guy Carpenter Launches Probabilistic Philippines Flood Model May 12, 2020 Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the launch of a new...
EC3 Brokers Launches Casualty and Cyber Specialty Division May 12, 2020 EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division....
Zurich Insurance’s Former CEO and Chairman Gerber Dies May 12, 2020 Fritz Gerber, a former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10,...
Allianz Posts 29% Drop in Q1 Net Profit as COVID-19 Crisis Slows Business May 12, 2020 German insurer Allianz said on Tuesday that a key measure of capital may fall below the company’s target floor level...
For Global Insurers, Pandemic Likely to Erase Profits Until 2021 Second Half: Fitch May 11, 2020 While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator May 11, 2020 By Huw Jones National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the...
India Releases Safety Guidelines on Restarting Factories After LG Chem Gas Leak May 11, 2020 By Divya Patil India has released safety guidelines for restarting manufacturing industries as it partially eases the world’s most expansive pandemic lockdown and...
CyberCube Launches Cyber Analytics Product for Broker Market May 11, 2020 Cyber risk analytics specialist CyberCube has launched a new software-as-a-service application designed specifically for insurance brokers called “Broking Manager.” “Broking...