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...
Zurich 2020 Profit Drop of 8% Reflects Pandemic, Catastrophe Claims February 12, 2021 By Brenna Hughes Neghaiwi Zurich Insurance’s new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain January 20, 2021 By Jeremy Hodges and Vanessa Dezem The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new...
Zurich Insurance to Stop Insuring Russia’s Nord Stream 2 Project: Sources January 19, 2021 Zurich Insurance Group will drop out of Russia’s Nord Stream 2 project in the face of looming U.S. sanctions against...
U.S. Warns of Sanctions on European Firms and Insurers Over Russia’s Nord Stream January 13, 2021 By Timothy Gardner and Daphne Psaledakis The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2...
Zurich Insurance Emphasizes Compliance Standards as U.S. Eyes Nord Stream Sanctions January 13, 2021 Zurich Insurance Group emphasized its compliance standards on Wednesday while declining to comment specifically on the Russia-led Nord Stream 2...
Pen Underwriting Extends Long-Term Partnership with Zurich to Provide Fleet Capacity January 7, 2021 Pen Underwriting, the UK-based managing general agent, announced a new long-term UK capacity deal with Zurich Insurance in the specialist...
Canada Reports 20-Year High in Overseas Investment in Insurance M&A December 17, 2020 By Maiya Keidan and Carolyn Cohn Canadian firms’ overseas investment in insurers hit a 20-year high this year boosted by Intact Financial’s joint agreement last month...