Container Ship Could Block Suez Canal Like a ‘Beached Whale’ for Weeks March 25, 2021 By Yusri Mohamed, Gavin Maguire and Florence Tan ISMAILIA, Egypt – A huge container ship blocking the Suez Canal like a “beached whale” may take weeks to free,...
Insurers of Container Ship Aground in Suez Canal Face Millions in Claims March 25, 2021 By Carolyn Cohn and Jonathan Saul LONDON – The owner and insurers of one of the world’s largest container ships stuck in the Suez Canal face...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
Lloyd’s, Insurtech Parsyl Launch Insurance Facility for COVID-19 Vaccine Shipments December 15, 2020 Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions...
Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market December 11, 2020 By Carolyn Cohn LONDON – A record rebound in merger activity this year and a rise in litigation has brought with it an...
New Lloyd’s Syndicate-in-a-Box Created to Insure Transport of Future COVID-19 Vaccine July 23, 2020 Lloyd’s, the specialist insurance and reinsurance market, announced the creation and in principle approval of its newest “syndicate-in-a-box,” Syndicate 1796,*...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....
New UK Broker McGill & Partners Grows Rapidly in First 6 Months of Trading December 17, 2019 New boutique risk solutions business McGill and Partners has grown rapidly in its first six months of trading following “a...
3 Industry Veterans Relish Fresh Start for Their Latest Legacy-Free Ventures September 10, 2019 By L.S. Howard Although the insurance market is awash with capacity and competition, two new specialty companies—a re/insurer and a broker—formed earlier this...
New Specialty Broker McGill & Partners Forms U.S. Subsidiary August 29, 2019 By L.S. Howard The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate,...