Luxury Yacht, Owned by Third Point Re’s Loeb, Damages Belize Coral Reef February 14, 2020 By Laura Millan A luxury yacht owned by hedge fund manager Daniel Loeb damaged a pristine reef atoll in Belize near the famous...
SCOR Buys Majority Stake in Brazil MGA with Agricultural Specialty February 14, 2020 Global reinsurer SCOR said it has acquired a majority stake in AgroBrasil, an MGA focused on distributing fruit and grain...
Insured Losses for Europe’s Storm Ciara-Sabine Could Hit $2 Billion: Modeling Firms February 14, 2020 Catastrophe risk modeling firm AIR Worldwide estimates that insured losses due to wind from Europe’s winter storm Ciara (also known...
B3i’s Blockchain Platform Places 30 Reinsurance Contracts, Including Cat XoL Treaties February 14, 2020 B3i Services AG, a two-year-old company owned by members of the insurance industry, announced that 30 contracts of reinsurance have...
Coronavirus Epidemic Could Infect Two-Thirds of World’s Population: WHO Scientist February 14, 2020 By John Lauerman As the number of coronavirus cases jumps dramatically in China, a top infectious-disease scientist warns that things could get far...
Australia’s Central Bank Chief Warns of Economic, Financial Effects of Climate Change February 14, 2020 By Michael Heath Australia’s central bank chief Philip Lowe warned of wide-ranging economic and financial impacts from climate change, after his drought-stricken nation...
Outgoing BoE Governor Discusses Risks of Negative Interest Rates, Climate Change February 13, 2020 By Jill Ward and Francine Lacqua Mark Carney said he’s lucky he never had to cut interest rates below zero as Bank of England governor because...
Members of Lloyd’s New Cultural Advisory Group Include Mental Health Specialists February 13, 2020 Lloyd’s has announced the membership of its new, independent Culture Advisory Group, which has been set up as part of...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’ February 13, 2020 By Jan Wolfe With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies...
Coronvirus Led to Cancellation of Telecoms Meeting, but Insurance Cover Is Excluded February 13, 2020 Companies that have spent money on a major telecoms conference in Barcelona that has been canceled after mass withdrawals due...