How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing December 4, 2020 Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies...
Allianz to Buy General Insurance Business of Australia’s Westpac for $534M December 2, 2020 Allianz announced it has agreed to purchase the general insurance business of Westpac Banking Corp., the Australian banking group for...
Top Investor Group Including Allianz Warns Firms to Cut Ties to Coal November 9, 2020 By Simon Jessop Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build,...
Allianz Reports Unexpected Increase in Q3 Net Profit of 6% November 6, 2020 German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering...
$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,...