S&P Affirms Munich Re’s ‘AA-‘ Ratings, Reflecting Sufficient Capital for COVID-19 Crisis May 29, 2020 S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries,...
Brazil Reinsurer IRB Eyes Purchase of Foreign Competitors’ Portfolios: Sources May 22, 2020 By Aluísio Alves Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
Munich Re Expects Coronavirus-Related Claims in Excess of $1 Billion During 2020 May 7, 2020 Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis...
This Insurance Would Have Helped in Coronavirus Crisis But Nobody Bought It April 3, 2020 By Russ Banham Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay...
Munich Re Withdraws 2020 Profit Guidance on COVID-19 Uncertainties April 1, 2020 Munich Re is withdrawing its profit guidance of €2.8 billion (3.1 billion) for 2020 as a result of the “great...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis March 12, 2020 By Carolyn Cohn Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation February 28, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates...
The Unique Requirements of a Lloyd’s Syndicate-in-a-Box February 4, 2020 By L.S. Howard Lloyd’s developed the concept of a syndicate-in-a-box (SiaB) to make it easier for innovative capital to enter the market, but...