Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties April 1, 2020 Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts April 1, 2020 By Maya Nikolaeva, Toby Sterling and Alexander Hübner European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms...
National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources April 1, 2020 By Manuel Baigorri, Jan-Henrik Förster and Sotiris Nikas National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any...
Insurance Claims for February’s Australian ‘East Coast Low’ Estimated at A$794M March 31, 2020 Initial insured property claims estimate for the Australian east coast low event, which hit the Australian east coast states of...
SCOR-Backed Channel Syndicate Taps Coulson from Lancashire as Senior Underwriter March 31, 2020 Channel Syndicate, which is backed by reinsurer SCOR, has appointed Caroline Coulson as a senior underwriter on the political and...
Legacy Specialist Catalina Holdings Completes Purchase of Asia Capital Reinsurance March 31, 2020 Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced it has completed the acquisition of Asia Capital Reinsurance Group...
New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting March 31, 2020 By Mark Hollmer Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin...
QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty March 31, 2020 QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating...
Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies March 31, 2020 By Pamela Barbaglia and Greg Roumeliotis Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating...
Activist Fund CIAM Keeps Pressure on Reinsurer SCOR – and its CEO/Chairman Kessler March 30, 2020 By L.S. Howard The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated...