Lloyd’s Insurer Lancashire Holdings Raises US$352M to Target Hard Market Opportunities June 10, 2020 Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new...
Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market June 10, 2020 Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships. On top of...
Captives Can Be an Insurtech Accelerator June 10, 2020 By Stephen R. DiCenso With the immense financial and operational challenges brought on by the spread of the COVID-19 pandemic, many insurers have had...
S&P Pegs Coronavirus Losses at $15-$30B. Chief Risk Officers Think That’s Low. June 9, 2020 By Susanne Sclafane Analysts for Standard & Poor’s Global Ratings shared a view that U.S. underwriting losses from COVID-19 would fall in the...
UK Government Forms £10 Billion Reinsurance Backstop for Trade Credit Insurers June 4, 2020 By L.S. Howard The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic...
Nigeria’s Regulator Gives Insurers Additional Year to Recapitalize on COVID-19 Impact June 4, 2020 By Emele Onu Nigeria’s National Insurance Commission gave underwriters an additional year to recapitalize as companies deal with the effects of the coronavirus...
AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...
UK Brokers Rely on Face-to-Face Meetings, Hampering Client Support During Lockdown June 3, 2020 Brokers have been slow to adopt social media and digital technologies as a whole, which is hampering their ability to...
French Insurer AXA Plans to Cut Dividend by 50% on COVID-19 Impact June 3, 2020 French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros,...
Grounded Airplanes at Risk from Asia’s Tropical Storm Season, Industry Experts Warn June 3, 2020 By Jamie Freed and Ben Blanchard Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region’s tropical storm...