Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk March 3, 2020 AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to...
Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist March 3, 2020 By William Horobin The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how...
UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars March 3, 2020 By Huw Jones Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021 March 3, 2020 By Rob Cox and Oliver Hirt Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer...
Aspen Forms Adverse Development Cover Agreement with Enstar March 3, 2020 Aspen Insurance Holdings Ltd. announced that it has entered into anadverse development cover reinsurance agreement with a wholly owned subsidiary...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s March 2, 2020 Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through...
FACTBOX-Update on Coronavirus Around the World March 2, 2020 The rapid spread of the new coronavirus has increased fears of a pandemic, sending global markets into a dive and...
Chaucer Partners with Artificial Labs to Offer ‘Next Generation’ U/W Platform March 2, 2020 Chaucer, the London-based specialty re/insurance group, announced a new partnership with London-based insurtech Artificial Labs to deliver a next generation...
Lloyd’s Launches Cryptocurrency Wallet Insurance Policy March 2, 2020 Lloyd’s has launched an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. The...