Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
AXA Considers Sale of Singapore Business as It Seeks to Raise Funds: Sources August 10, 2020 By Chanyaporn Chanjaroen, Jan-Henrik Förster and Manuel Baigorri AXA SA is considering a sale of its Singapore business as it seeks to raise funds divesting peripheral operations, according...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Insurer AXA, With H1 Net Income Down 40%, Warns of Future COVID-19 Shocks August 6, 2020 By Benjamin Robertson AXA SA’s profit sank in the first half as it booked a 1.5 billion-euro ($1.8 billion) charge for claims related...
France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics July 21, 2020 By Alexandre Rajbhandari The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to...
Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case July 20, 2020 By Lucca de Paoli and Benjamin Robertson UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol,...
AXA Investment Managers Sets 33% Gender Diversity Target on Company Boards July 9, 2020 AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may...
Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows June 12, 2020 By James Thornhill Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....
AXA Identifies 1,700 Restaurant Contracts with Unclear Terms on Pandemic Payouts June 4, 2020 French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as...