Lloyd’s Approves Syndicate-in-a-Box, Picnic Syndicate 2460, to Support Mutuals October 22, 2020 Asta, the third-party managing agent at Lloyd’s, announced the Council of Lloyd’s granted in-principle approval for the launch of Picnic...
China’s Ant Group Wins Final Nod from Securities Watchdog for $35B IPO October 22, 2020 By Colin Qian, Julie Zhu and Meg Shen China’s Ant Group has won the final nod from the country’s top securities watchdog for the registration of its Shanghai...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies October 22, 2020 By Sinead Cruise Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims...
Munich Re Reports €800M of COVID-19-Related Losses During Q3 October 21, 2020 Munich Re reports approximately €800 million (US$935 million) in COVID-19-related losses in reinsurance during the third quarter. The losses were...
Mexico Government Could Absorb Some Liabilities Arising from COVID-19 Vaccine October 21, 2020 By Anthony Esposito and Adriana Barrera Mexico’s government could absorb some liabilities arising from unexpected side effects of COVID-19 vaccines but is not considering creating a...
Nearly 50% of UK Firms Less Prepared for Brexit Because of Coronavirus: Survey October 21, 2020 By Joe Mayes About half of UK firms are less prepared for Brexit compared to last year due to the impact of the...
Chubb Names Forman from Swiss Re as Casualty Manager for UK and Ireland October 21, 2020 Chubb announced the appointment ofAlex Forman as casualty manager for the United Kingdom and Ireland (UK&I). In this role, Forman...
Brokerslink Expands Global Network with Affiliates in Central America, APAC and Africa October 21, 2020 Global broking business, Brokerslink, has continued the expansion of its global network with three new affiliates from Africa, Central America...
COVID-19 Crisis Accelerates Labor Shift from Humans to Robots: WEF Survey October 21, 2020 Robots will destroy 85 million jobs at mid-sized to large businesses over the next five years as the COVID-19 pandemic...
Hiscox Appoints Former Hamilton Executive Reardon as CEO of Hiscox Re & ILS October 21, 2020 Hiscox Ltd., the international specialist insurer, announced the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject...