COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon July 31, 2020 Usage of insurance linked securities the first six months of 2020 is already 20% higher than all of 2019, underscoring...
Canadian Life Insurers to See Double-Digit Profit Drop in Q2 on COVID-19 Impact July 31, 2020 By Nichola Saminather Canadian life insurers are set to see double-digit earnings decreases in the second quarter as the pandemic-induced economic slowdown has...
EU Begins to Tackle Cyber Warfare with Targeted Sanctions July 31, 2020 By Natalia Drozdiak, Birgit Jennen and Nikos Chrysoloras Taking a firm geopolitical stand, the European Union imposed sanctions on targeted individuals and entities from Russia, China and North...
S. Africa Insurers’ COVID-19 Payments May Be Too Little, Too Late, for Some Businesses July 31, 2020 By Emma Rumney and Joe Bavier South African small businesses fighting rejected coronavirus-related claims said insurers’ offers of relief are too little too late for many...
Swiss Re Confirms H1 Loss of $1.1B with Combined Ratio of 115.8% July 31, 2020 Reinsurance company Swiss Re said on Friday the $2.5 billion in claims and reserves related to COVID-19 that it booked...
Coastal Flooding Could Threaten 20% of World’s Economic Output by 2100: Study July 30, 2020 Failure to rein in climate change and bolster sea defenses could jeopardize up to a fifth of the world’s economic...
COVID-19 Pandemic to Intensify Risks for Insurers: EU Regulator July 30, 2020 Insurers in the European Union are confronted with risks on several fronts that are intensified by the COVID-19 pandemic, and...
Insurer Canopius Promotes Pike to Head of Credit & Political Risk July 30, 2020 Canopius announced it has promoted Stephen Pike as head of Credit & Political Risk (CPR) team, part of the Credit,...
AIR Worldwide Releases Updated Caribbean Cyclone and Earthquake Models July 30, 2020 Catastrophe risk modeling firm AIR Worldwide (AIR) announced the release of its updated Tropical Cyclone and Earthquake Models for the...
Japan Government Urges Firms to Aim for 70% Telecommuting as COVID Cases Surge July 30, 2020 Japan’s economy minister said on Monday [July 27] the government would urge businesses to aim for 70% telecommuting and enhance...