Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
Canadian Lab Test Firm, LifeLabs, Pays Ransom After Data Breach December 20, 2019 Lab test provider LifeLabs said Tuesday that it paid a ransom to secure data for Canadians that was stolen in...
Legacy Acquirer DARAG Completes Portfolio Transfer with Germany’s SOVAG December 20, 2019 DARAG Group Ltd., the Malta-based legacy acquirer, announced it has closed the portfolio transfer with German re/insurer SCHWARZMEER UND OSTSEE...
Deadly Danish Train Accident Caused by Improperly Secured Trailer: Report December 20, 2019 Danish authorities say a deadly accident in which a high-speed passenger train struck a semi-trailer that fell off a freight...
U.K. Business Executives, Economists, Politicians React to New BoE Boss Bailey December 20, 2019 Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday. Following is reaction to his...
U.K. Names Bailey as Bank of England Chief, Succeeding Carney December 20, 2019 By David Goodman and Jessica Shankleman Andrew Bailey will be the next head of the Bank of England after the government chose to replace Mark Carney...
MS Amlin to Exit U.K. P/C Classes as Part of Underwriting Review December 19, 2019 By L.S. Howard MS Amlin, the London-based re/insurer, said it will cease underwriting corporate property, real estate, casualty and package binders through its...
Airlines Liable for Hot Drink Burns During Flights, EU Court Rules December 19, 2019 By Stephanie Bodoni Airlines are liable for a hot drink accidentally spilled and hurting a passenger, the European Union’s top court said in...
S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB December 19, 2019 Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global...
Heatwave Gripping Australia Exacerbates Devastating Bushfires December 19, 2019 By Jason Scott Australia’s most-populous state has declared an emergency as a heatwave that’s produced the hottest day on record exacerbates devastating bushfires....