Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection February 13, 2020 By Carolyn Cohn and Noor Zainab Hussain Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the...
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure February 13, 2020 By Mark Hollmer Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some “unacceptable” results, particularly a $114...
Facebook, Twitter, Other Internet Firms to Be Responsible for Content Under UK Plan February 12, 2020 By Paul Sandle Britain said it would force social media companies such as Facebook, Twitter and Snap to do more to block or...
DARAG Completes 2 Legacy Acquisitions in UK February 12, 2020 DARAG Group Ltd., the Malta-based legacy acquirer, announced the completion of the acquisitions of both The Underwriter Insurance Co. Ltd.,...
Global Commercial Insurance Prices Increase 11% in 4th Quarter 2019: Marsh February 12, 2020 Global average commercial insurance prices increased 11% in the fourth quarter of 2019, according to the Global Insurance Market Index...
Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit February 12, 2020 By Sarah Syed and Stephan Kahl N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations...
Fidelis Insurance Raises $300M of Equity Capital to Support Growth February 12, 2020 Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing...
UK MGA Node International Names Lefchik as Director, Cyber Risk for North America February 12, 2020 H.W. Kaufman Group, the Farmington Hills, Mich.-based wholesale broker and managing general agent, announced the expansion of Node International’s North...
MGA Pen Underwriting Promotes Downey as CEO, Succeeding Turner February 11, 2020 Pen Underwriting has announced the appointment of Tom Downey to the role of chief executive officer, subject to regulatory approval....
U.S. Storms, Global Floods, Bushfires Cause Economic Damages of $3B-Plus in January February 11, 2020 U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in...