April 6, 2020
A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. “Indemnity insurers are wrongfully refusing to honor their contracts,” said E.F. Anthony …
April 6, 2020
Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the …
April 1, 2020
Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. “The global reinsurance market has shown immediate resilience to operating under the challenge …
March 30, 2020
The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated up again recently with yet another push by CIAM to separate the chairman and CEO roles, both held by Denis …
March 30, 2020
Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a strategic review. The company said it has approved the launch of a sales process, after reviewing multiple expressions of interest …
March 27, 2020
Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the …
March 26, 2020
While announcing a return to profit of £2.5 billion (US$3 billion) for 2019, Lloyd’s also affirmed that the market is in a strong position to respond to the impacts of COVID-19. Lloyd’s return to profit was the first since 2016 …
March 19, 2020
The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in place to respond to possible disruptions caused by the coronavirus pandemic. The FCA expects firms to have “sufficiently robust systems …
March 19, 2020
After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its underwriting room in response to the coronavirus outbreak. As a result, market insurers will no longer be able to conduct …
March 19, 2020
Karen White, CEO of RMS, said one of the best decisions in her career was to join Oracle, which took her career on a different trajectory. At the time, in 1993, she had a very secure position as CEO with …