Clyde & Co. News

Global Insurance M&A Activity Expected to Soar in 2021

There were 407 completed mergers and acquisitions (M&A) worldwide in the insurance sector in 2020, down from 419 the previous year, according to a report published by global law firm Clyde & Co. An anticipated pandemic-induced dip in activity in …

Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers

Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or handle such situations, according to experts. However, the advisories are likely to up the pressure on ransomware victims to make …

Clyde & Co. Hires Voses as a Partner in New York

Global law firm Clyde & Co has hired insurance lawyer Marc Voses as a partner in New York to further enhance its U.S. and global insurance practices. Voses joins from Goldberg Segalla, where he was chair of the Cybersecurity and …

Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties

Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co’s “Insurance Growth Report” mid-year update. …

Former Lloyd’s CEO Beale, Grant Thornton CEO Chipman Join Clyde Law Firm Board

Insurance law firm Clyde & Co has appointed two independent board members to its management board – the first such positions at the firm. Former Lloyd’s of London CEO Dame Inga Beale and former Grant Thornton US CEO Stephen Chipman …

Lloyd’s Culture Survey Reveals ‘Ugly’ Levels of Sexual Harassment

Lloyd’s announced the results of its culture survey, which was commissioned in March in the wake of press reports of rampant sexual harassment in the market. The survey confirms that many women are enduring a toxic culture of harassment, which …

Work-Related Injury Claims Rise with Numbers of Home Workers in UK: Clyde & Co.

With half the UK’s workforce predicted to work remotely by 2020, employers will have to take greater care of their people working at home or face an increasing number of claims for muscular-skeletal disorders (MSDs), according to global law firm …

Clyde & Co. Launches Connected Parametric Insurance Contract

Global law firm Clyde & Co has launched an off-the-shelf connected parametric insurance contract for use by insurers through its smart contract consultancy, Clyde Code. “A connected contract is a digital agreement which links external software systems and data sources …

Parametric Insurance Can Help Close Global Protection Gap: Clyde & Co. Report

Parametric insurance can play a significant role in closing the insurance protection gap – a problem that plagues economies in both the developing and developed world, according to a report published by Clyde & Co. The protection gap is the …

Experts See Expanding Role for Parametric Insurance, Including for U.S. Disasters

Catastrophic losses this year due to extreme weather events have led to a growing interest in parametric insurance in the U.S., according to industry experts. Parametric coverage is also gaining traction as hazard modeling continues to improve, weather stations more …