International
World Bank Working With 100-Plus Countries to Resolve COVID Vaccine Legal Hurdles
The World Bank is working closely with over 100 countries to pave the way for them to receive low-interest loans and funding to purchase and distribute COVID-19 vaccines, World Bank Group President ...
Generali Will Pay $203M for AXA’s Greek Operations
Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 ...
South African Insurer Accepts Liability for Some Rejected COVID-19 Business Interruption Claims
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding ...UK Insurer Admiral Group Will Unload Price Comparison Unit in $685M Deal
UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will ...
Arch Capital Group Promotes Papadopoulo to President and Chief Underwriting Officer
Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 ...
W.R. Berkley Forms Bermuda-Based Special Purpose Reinsurer
W.R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalized with ...
Norway Lawsuit Dismissed, Allowing Plans for Arctic Oil Drilling to Proceed
Norway's supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people's right to a healthy environment. While most of ...
Cyber Remains Viable for Insurers Even as Attacks Escalate
It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded ...