German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall April 28, 2020 By William Wilkes and Brian Parkin Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter April 27, 2020 AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to...
Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties April 27, 2020 By L.S. Howard Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims April 27, 2020 By Benjamin Robertson Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK...
Generali Confident of Rebuffing Takeovers Thanks to Strong Capital, Financial Position April 27, 2020 Italy’s top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid,...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers April 27, 2020 By Sid Verma British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
French Court Keeps Limits in Place for Amazon Deliveries, in Victory for Its Workers April 24, 2020 By Mathieu Rosemain and Sarah White A French court on Friday rejected Amazon‘s appeal against a ruling that restricts what it can deliver during the coronavirus...
AXA Announces Death of Stefan Lippe, AXA Director, Former CEO of Swiss Re April 24, 2020 AXA announced the death of Stefan Lippe, 65, who has been an AXA Director since 2012, and was the former...
Some of World’s Largest Companies Warn About Security of Zoom Conferencing App April 24, 2020 By Debby Wu, Vlad Savov and Lananh Nguyen Some of the world’s largest companies have advised against the use of Zoom Video Communications Inc.’s conferencing app, fueling a...
K2 Insurance Agrees to Acquire Pioneer Underwriters’ Portfolio April 24, 2020 Pioneer Underwriters, the managing general agency, and K2 Insurance Services LLC, the specialty insurance services holding company, announced they have...