Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab April 9, 2020 Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out...
China Plans to Relax Rules on Foreign Ownership of Domestic Life Insurers: Sources April 9, 2020 China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic...
Canada’s Insurers to Cut Auto Premiums as Drivers Stay Home During COVID-19 Crisis April 9, 2020 Insurance Bureau of Canada (IBC), an industry association for Canada’s home, auto and business insurers, on Wednesday said its members...
PartnerRe’s Parent EXOR Vows to Go Ahead with Deals Despite Pandemic April 9, 2020 The boss of EXOR showed confidence on Wednesday in the success of three transformative deals set to reshape its multi-billion...
Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis April 8, 2020 Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis....
Failure to Act on Climate Change Could Make Weather Risks Uninsurable: Swiss Re April 8, 2020 By L.S. Howard Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece April 8, 2020 Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and...
Ageas UK’s CEO Watson to Step Down, Succeeded by Middle April 8, 2020 After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will...
Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO April 8, 2020 Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of...