Brazil Reinsurer IRB Resseguros Replaces CEO, CFO on Governance Concerns March 5, 2020 By Paula Laier Brazilian reinsurer IRB Brasil Resseguros SA replaced its chief executive and chief financial officer after its shares plunged nearly 32%...
French Court Deals Blow to Uber by Giving Drivers Employee Status March 5, 2020 By Mathieu Rosemain and Dominique Vidalon France’s top court has recognized the right of an Uber driver to be considered an employee, a ruling that could...
Climate Change Heightens Risk of Fierce Australia Wildfires: Study March 5, 2020 By David Stringer Climate change is adding to the risk of fierce wildfires in Australia, according to a scientific study of this season’s...
Canada Government Must Move Quickly to Map Flood Risks, Insurers Warn March 5, 2020 By Steve Scherer Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing...
Lawsuits Against Businesses Over Coronavirus Have Begun. More to Come? March 4, 2020 By Bob Van Voris, Edvard Pettersson, Chris Dolmetsch and Hugo Miller The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day...
Insured Property Losses for Australia’s January Hailstorms Hit A$670M: PERILS March 4, 2020 The initial insured property losses for January’s hailstorms in Australia are estimated at A$670 million (US$746.7 million), according to PERILS,...
Pool Re Completes £2.4 Billion Terrorism Retrocession Program March 4, 2020 Pool Re, a leading British terrorism reinsurer, said it has completed placement of its £2.4 billion retrocession program with more...
Wholesale Broker H.W. Kaufman Finalizes Purchase of UK’s Barbican Protect March 4, 2020 H.W. Kaufman Group announced the closing of its acquisition of Barbican Protect Ltd., effective March 3. Barbican Protect, an MGA...
EXOR to Sell PartnerRe to French Insurer Covea for $9 Billion March 4, 2020 EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a...
Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions March 4, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from...