China Re Is Weighing Establishing U.S. Operation: Reuters April 1, 2020 BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set...
CCG IQ Acquires Connecticut’s The UIS Group April 1, 2020 CCG IQ, a provider of tech-enabled insurance services, has acquired The UIS Group. CCG IQ anticipates that the addition of...
Delaware Judge Dismisses Chemours Lawsuit Against DuPont April 1, 2020 By Randall Chase A Delaware judge has granted the DuPont Co.’s request to dismiss a lawsuit alleging that it massively downplayed the cost...
For Workers’ Safety, Walmart Stocks Up on Masks, Gloves; Initiates One-Way Aisles April 1, 2020 Walmart Inc. will provide masks and gloves for its workers and take their temperature before shifts, the latest moves by...
Nexus’ Broking Unit Xenia Completes Purchase of Howden UK’s Trade Credit Business April 1, 2020 Insurance intermediary holding company Nexus Group announced that its independent broking arm, Xenia Broking Group, has completed the acquisition of...
Fitch Revises Rating Watch on Sirius to ‘Evolving’ on Uncertainties over Planned Sale April 1, 2020 Fitch Ratings has revised the rating watch to evolving from negative on all ratings for Sirius International Group, Ltd. and...
Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties April 1, 2020 Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great...
Alabama Issues Industry Guidance on COVID-19, Classifies Insurance as Essential April 1, 2020 Alabama Commissioner of Insurance Jim Ridling has asked insurers writing business in the state to consider leniency and flexibility for...
EU Countries Give Guarantees to Credit Insurers to Prevent Coverage Cuts April 1, 2020 By Maya Nikolaeva, Toby Sterling and Alexander Hübner European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms...
National Bank of Greece Halts Sale of Ethniki Insurance on COVID-19 Crisis: Sources April 1, 2020 By Manuel Baigorri, Jan-Henrik Förster and Sotiris Nikas National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any...