Global Economy
EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital
Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...
AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March
AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to ...
Getsafe CEO Sees Coronavirus as Opportunity for InsurTechs to Prove Their Worth
Getsafe CEO and founder Christian Wiens recently responded to the coronavirus pandemic by touting the benefits his and other InsurTechs can offer the insurance industry now and in the months ahead. ...
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns
Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Coronavirus Fallout: EU Regulators Ask Firms to Delay M&A Antitrust Filings
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of ...
Industry Body Warns Most British Companies Not Covered for Coronavirus Closures
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that ...
Executives On The Move at Everest Re and Willis Towers Watson
Everest Re Group promoted one of its executives to the role of Everest Group chief risk officer and chief actuary. Willis Towers Watson appointed a former Marsh Canada executive to a leadership ...
Canopius Buys Majority Stake in MultiStrat Holdings, a Bermuda-based Specialty Reinsurer
Canopius Group Ltd. has purchased a majority stake in Bermuda-based MultiStrat Holdings Ltd. Neither side disclosed financial terms. MultiStrat is a specialty reinsurance group that writes both ...