International
Six Insurers Drop UK Court Appeal Over COVID-19 Payout Ruling on Three Policies
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
The Latest Launches From MAPFRE and BHSI
MAPFRE is collaborating with a technology company to develop a new AI-based claims process for homeowners claims. Berkshire Hathaway Specialty Insurance said it has finalized proprietary Directors ...
Post-Brexit UK Financial Rules Will Need Tweaking to Stay Competitive: Study
Britain should tweak financial rules after full Brexit to keep London's financial hub competitive and deepen ties with growth markets in Asia, a think tank said in a study on Monday. Britain ...
AXA Completes Sale of Eastern Europe Operations to UNIQA
AXA said that it has completed the nearly $1.2 billion cash sale of its life and savings, property and casualty, and pension businesses in Poland, Czech Republic and Slovakia to Austria's UNIQA ...
Executives On The Move at AXIS Re, Lockton Re and Earnix
AXIS Re made two new underwriting hires to expand its North America Casualty team. Lockton Re hired a Senior Broker to be part of its Marine & Energy Division. Earnix, a provider of advanced ...
Pirate Kidnappings Soar in Waters off the West African Coast
The number of kidnappings reported off the West African coast in the year through September is 40% higher than the same period in 2019, according to the International Maritime Bureau. Piracy ...
EU Pressures Britain to Make Brexit Compromise or Face Trade Disruptions
The European Union put the onus on Britain on Thursday to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days, drawing a chilly reaction from the ...