World Bank Pandemic Bond Losing Value, Facing Criticism as Coronavirus Spreads February 19, 2020 By Karin Strohecker A World Bank bond designed to deliver funding to help the world’s poorest countries to tackle fast-spreading diseases has lost...
Update: UK Issues Severe Flood Warnings as Rivers Peak After Storm Dennis February 19, 2020 Residents in central England and Wales piled up sandbags, readied water pumps and hoped for the best Tuesday as rivers...
Global Warming Creating ‘Irreversible’ Ice Melt in Antarctica: Scientist February 19, 2020 By Cordelia Hsu Global warming was leading to an “irreversible” mass melting of the Antarctic ice and purging carbon from the atmosphere was...
Argo Group Appoints Bradley as Chairman; Rehnberg Named CEO February 19, 2020 Argo Group International Holdings Ltd., the Bermuda-based re/insurer, announced the appointment of Thomas A. Bradley as chairman of the board...
FACTBOX: China Takes Steps to Bolster Coronavirus-Hit Economy February 19, 2020 Chinese policymakers have implemented a raft of measures to support an economy jolted by a coronavirus outbreak that is expected...
QBE Insurance Names Wilkins as Chairman, Succeeding Becker Who Is Retiring February 18, 2020 QBE Insurance Group announced that Michael (Mike) Wilkins has been elected to succeed W. Marston (Marty) Becker as chairman of...
Swiss Re’s iptiQ and IKEA Partner to Offer Home insurance February 18, 2020 Swiss Re’s iptiQ and IKEA announced the launch of HEMSÄKER, home insurance that provides accessible protection at an affordable price,...
Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV February 18, 2020 Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said...
Arch Re to Buy Majority Stake in Australia’s Precision Marketing Asia Pacific February 18, 2020 Arch Reinsurance, a wholly owned subsidiary of Bermuda-based Arch Capital Group Ltd., announced it has entered into an agreement in...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus February 18, 2020 China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as...