Investors, Bondholders Sue Occidental Over Anadarko Merger June 1, 2020 By Jonathan Stempel Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily...
Sign Here First: Reopening Businesses Turn to Liability Waivers, Disclaimers June 1, 2020 By Suzanne Barlyn and John McCrank As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons...
Italy’s Regulator Asks Insurer Cattolica to Boost Its Capital by $557M on COVID-19 Impact June 1, 2020 Cattolica Assicurazioni said on Monday that Italy’s insurance regulator had told it to raise 500 million euros ($557 million) after...
Billionaire Del Vecchio Seeks to Raise Stake in Generali’s Biggest Investor, Mediobanca June 1, 2020 By Tommaso Ebhardt and Sonia Sirletti Italian eyewear billionaire Leonardo Del Vecchio stepped up his efforts to become a bigger player in Italy’s finance industry, asking...
K2 Insurance Services Launches International Re/insurance Platform in London June 1, 2020 K2 Insurance Services, the underwriting and distribution specialist in the U.S. program insurance market, announced the launch of K2 International,...
UK Broker SSL Endeavour Rebrands as Oneglobal Broking June 1, 2020 The UK broker SSL Endeavour has rebranded as Oneglobal Broking. The business is led by Chairman Jonathan Palmer-Brown and Chief...
Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover June 1, 2020 By Huw Jones and Carolyn Cohn Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should...
Coronavirus Could Complicate Hurricane Response, Warns Catastrophe Modeler June 1, 2020 By Kimberly Tallon “Hurricanes and COVID-19 are not a good mix,” says catastrophe modeling firm Karen Clark & Co., warning in a report...
Insurer Group Has Issue with Colorado Insurance Department’s COVID-19 Memo May 29, 2020 By Don Jergler The American Property Casualty Insurance Association is taking issue with tentative plans by the Colorado Department of Insurance to halt...