Some Scientists See More Intense, Wetter Hurricane Season Storms July 1, 2021 By Stephanie K. Jones Like death and taxes, the annual hurricane season can be counted on as a sure thing. The number and intensity...
Swiss Re Sells Half Its Stake in Phoenix Group for $608 Million June 23, 2021 Swiss Re announced the sell of a 6.6% stake in Phoenix Group Holdings plc for £437 million ($608 million). After...
Europe’s Insurers Expect Robust M&A Activity and Strong Earnings in 2021: Moody’s June 22, 2021 Europe’s insurance industry is emerging from the coronavirus crisis with a stronger appetite for mergers and acquisitions (M&A), along with...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims January 15, 2021 By L.S. Howard Insurers, policyholders and industry observers have issued comments on the UK Supreme Court’s ruling that insurers should pay small businesses...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2 November 19, 2020 By L.S. Howard Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades November 2, 2020 By Mark Hollmer American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling September 15, 2020 Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain’s...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re June 16, 2020 Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s March 2, 2020 Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through...