Major Reinsurers Look to Exclude Coal from Treaty Policies, as Climate Pressure Grows June 17, 2021 By Carolyn Cohn and Simon Jessop Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to meet global...
Aon Collaborates with Insurer Partners to Protect Global COVID-19 Vaccine Shipments April 13, 2021 Insurance broker Aon plc has introduced a new solution, through broad industry collaboration, that will provide supply chain protection for...
Consumers Worry Connected Cars Are Vulnerable to Cyber Attacks April 8, 2021 Consumers are increasingly worried about cyber attack vulnerabilities with connected and automated vehicles. According to a new Munich Re/HSB survey...
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...
Google to Offer Cyber Insurance From Allianz, Munich Re to Cloud Users March 2, 2021 By Tom Sims Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its...
Munich Re’s 2020 Profit Drops 55% on COVID-19-Related Reinsurance Claims of $4.1B February 25, 2021 Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29...
15 Insurers Stop Doing Business with Nord Stream 2 Pipeline to Avoid Sanctions: Reuters February 24, 2021 By Timothy Gardner Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas...
Munich Re Stops Insuring Nord Stream 2 Pipeline on Fears of U.S. Sanctions February 23, 2021 A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid...
HSB Launches Workplace Violence Insurance for Small Businesses February 18, 2021 HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling,...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO February 10, 2021 By Marcy Nicholson and Kevin Orland Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about...