Global Economy
Suddenly Everybody Wants Pandemic Cover
In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey ...
The Latest Launches From BHSI and EIS Group/Wellfleet
Berkshire Hathaway Specialty Insurance has expanded a key offering in New Zealand. EIS Group and employee benefits company Wellfleet are teaming on the development of a next-generation insurance ...
Doubts Remain Whether Postponed Olympics Will Be Held Even in 2021
As the coronavirus spreads in Japan, the chief executive of the Tokyo Games said Friday [April 10] he can't guarantee the postponed Olympics will be staged next year – even with the long delay. ...
Trump Jumps Into Business Interruption Coronavirus Claims Fight, Urging Carriers to Pay Up
President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue ...
Italy’s Generali Plans Staggered Dividend Payout Despite Regulator Resistence
Italy's biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position. The announcement ...
Insurance Firms Begin Covering Charter Flights Carrying Gold
Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion ...
Executives On The Move at W.R. Berkley, AXIS and BHSI
W.R. Berkley Corp. made two executive appointments. AXIS Insurance named a new head of U.S. Excess & Surplus Property. Berkshire Hathaway Specialty Insurance promoted an executive to head its ...
Allianz Warns Facilities Shut Down During Pandemic Pose New Risks
Many companies are having to shut down their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), ...