Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History March 24, 2020 By Sakura Murakami and Karolos Grohmann The Tokyo Olympics were postponed on Tuesday into 2021, the first such delay in the Games’ 124-year modern history, as...
Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns? March 24, 2020 By Bill Wilson On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
Liability Insurers Report Rise in Claims Against Architects and Engineers March 24, 2020 By Jim Sams Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first...
World Insurance Associates Acquires Virginia Insurance Partners March 24, 2020 World Insurance Associates LLC (WIA) has acquired Virginia Insurance Partners (VIP). The transaction was effective February 1, 2020, and terms...
Peachtree Special Risk Brokers Acquires Massachusetts’ RLA Insurance Intermediaries March 24, 2020 Peachtree Special Risk Brokers LLC, a subsidiary of Brown & Brown Inc., has acquired substantially all of the assets of...
A.M. Best Downgrades Rhode Island’s Providence Mutual March 24, 2020 The Providence Mutual Fire Insurance Co. has been dealt a financial strength rating downgrade from A.M. Best. A.M. Best said...
Swiss Re Names da Victoria Lobo as Market Executive for Western, Southern Europe March 24, 2020 Swiss Re has announced that Nikhil da Victoria Lobo, currently managing director and head of Americas for its Public Sector...
BMS Buys Spanish Specialist Insurance Broker Jurado Mata March 24, 2020 BMS Group, the independent specialist re/insurance broker, announced its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish...
UK Travel Insurers Expect to Pay Record Coronavirus Claims of US$319M March 24, 2020 UK travel insurers expect to pay record claims of at least £275 million (US$319 million) due to the coronavirus pandemic,...