Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties August 17, 2020 Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals...
Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re August 12, 2020 Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during...
Australia Detains Cargo Ships for Alleged Labor Violations Related to COVID Lockdowns August 12, 2020 By Aaron Clark, Krystal Chia and Jinshan Hong Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent...
Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey August 11, 2020 By Brendan Murray Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber...
Insured Losses for Europe’s Storm Sabine (aka Ciara/Elsa) Estimated at €1.6B: PERILS August 11, 2020 The industry loss footprint for extratropical cyclone “Sabine” – also known as “Ciara” and “Elsa” – is estimated at €1.61...
Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation August 11, 2020 By Carolyn Cohn Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters...
Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter August 11, 2020 Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port...
Average Commercial Insurance Prices Rose 19% in Q2: Marsh Index August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, the eleventh straight quarter they have risen....
Global Commercial Insurance Rates Up 19% on COVID-19, Other Large Losses: Marsh August 10, 2020 Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the latest Global Insurance Market...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...