$5 Trillion Investor Group Aims to Align Portfolios with Paris Climate Agreement October 13, 2020 By Simon Jessop Thirty of the world’s largest investors managing a combined $5 trillion said on Tuesday they plan to set targets to...
Insurers Remain Unfazed by Risks of Clinical Trials for COVID-19 Vaccine October 12, 2020 By Noor Zainab Hussain, Carolyn Cohn and Ludwig Burger The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More October 7, 2020 The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims...
Hollywood’s Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns October 6, 2020 By Stephan Kahl Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to...
UK Insurer LV= in Exclusive Talks with Bain Capital About Possible Deal October 5, 2020 By Laura Hurst UK insurance company Liverpool Victoria said it’s in exclusive talks with Bain Capital LP over a potential deal. The company,...
U.S. Pension Funds Sue Allianz After $4 Billion in Coronavirus Losses September 28, 2020 By Tom Sims Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of...
UK Insurer LV= Says Talks Continue with Number of Parties About Possible Merger September 28, 2020 UK insurance company Liverpool Victoria said it remains in talks with a “number of parties” about a possible transaction after...
Insurance Run-Off Specialist Marco Capital Acquires British Reserve from Allianz August 25, 2020 Newly-launched insurance run-off specialist Marco Capital Holdings said it has agreed to purchase British Reserve Insurance Co. Ltd., a UK...
Allianz Benelux Sells Closed Life Insurance Book to Monument Assurance Belgium August 18, 2020 Allianz Benelux in Belgium reported it will transfer a closed book of life retail insurance business together with 4.500 mortgage...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...