Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million April 16, 2020 Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145...
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan April 16, 2020 By Jarrett Renshaw New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of...
UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods April 16, 2020 By Huw Jones and David Milliken Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a...
Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms April 16, 2020 By Tasos Vossos A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan April 16, 2020 Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...
Howden Broking Group Buys Greece’s Matrix Insurance & Reinsurance Brokers April 16, 2020 Howden Broking Group, the London-based independent specialty broker, announced it has acquired Matrix Insurance and Reinsurance Brokers in Greece. Financial...
Florida to Aggressively Test Nursing Home Patients, Staff April 16, 2020 By Bobby Caina Calvan and Terry Spencer Florida Gov. Ron DeSantis said Monday the state will more aggressively inspect nursing homes to detect patients and staff who...
South Carolina Begins Clean Up After At Least 9 Tornadoes Hit State April 16, 2020 By Jeffrey Collins South Carolina continued to clean up Tuesday from the state’s deadliest tornado outbreak in 36 years. Nine people were killed...
Brightway Insurance to Offer Deferred Cost Option to New Franchisees During Pandemic April 16, 2020 Brightway Insurance has made changes to its franchise contract in a move that is designed to make it easier to...