Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Hong Kong-Based Peak Re to Acquire Bermuda ILS Asset Manager Lutece April 8, 2020 Peak Reinsurance Co. Ltd. has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings Ltd. and...
BMS Appoints Broadnax to U.S. Property Facultative Team in Atlanta April 8, 2020 BMS Group (BMS), the independent specialist (re)insurance broker, has appointed Larry Broadnax as senior vice president, Property Facultative Leader, effective...
Ageas UK’s CEO Watson to Step Down, Succeeded by Middle April 8, 2020 After 10 years with Ageas UK, Andy Watson has decided to step down from his role as CEO and will...
Australia Insurer IAG Announces CEO Harmer to Retire; Hawkins Named Deputy CEO April 8, 2020 Australian insurer IAG announced that Peter Harmer, managing director and chief executive officer, plans to retire by the end of...
Van Gogh Theft Focuses Attention on Empty Museums’ Security During COVID-19 Crisis April 8, 2020 By Katya Kazakina, Tom Metcalf and Amanda Gordon The break-in lasted just minutes. At 3 a.m. on Monday, a thief — or thieves — forced open the glass...
Matt Hylant Named President of Hylant Ann Arbor April 8, 2020 Insurance broker Hylant has promoted Matthew M. Hylant to president of its Ann Arbor office. As president, he will be...
Estate of Walmart Employee Who Died From COVID-19 Sues for Wrongful Death April 8, 2020 By Daniel Wiessner The family of a Walmart Inc. employee in Illinois who died after contracting COVID-19, the illness caused by the novel...
GEICO, Farmers, Liberty Mutual Join Insurers Giving Breaks to Drivers, Businesses April 7, 2020 More auto insureds and small businesses are getting a break on their insurance premiums to help them through the coronavirus...
California Supreme Court Ruling Will Enable Montrose to Tap Excess Policies April 7, 2020 By Don Jergler A decision this week by the California Supreme Court gave policyholders with long-tail environmental claims a potentially big win, finding...