News – Page 163
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NewsZurich LiveWell to acquire digital health and wellbeing service providers as it strengthens its capabilities
Zurich Insurance Group (Zurich) has agreed to acquire from the founders the digital health and wellbeing service providers HealthLogix, based in Australia, and HealthInsite, based in South Africa, to further expand its Zurich LiveWell health and wellbeing business. The companies, jointly known as HLX, offer customers a range of mobile ...
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NewsPremia Holdings has reached an agreement to acquire Navigators Holdings (Europe) NV from The Hartford
Premia Holdings has agreed to acquire Navigators Holdings (Europe) NV (and its associated companies, including Assurances Continentales – Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxemburg) (collectively referred to as “ASCO”) from The Hartford. The transaction is subject to typical regulatory approvals.
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NewsLloyd’s launches new report on cities at risk from global threats
Lloyd’s, today announced a new report: Cities at risk – Building a resilient future for the world’s urban centres, published in association with Urban Foresight and Newcastle University. Using four global trends, the report analyses the risks affecting cities now, and in the future, and how these threats will ...
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NewsNew Lawyers Professional Liability Product announced by Munich Re Specialty Insurance
Munich Re Specialty Insurance today announced the introduction of Lawyers Professional Liability (LPL) insurance, an errors and omissions policy specially designed for mid-size law firms. “Law firms have specialized risk management needs that are not comprehensively addressed by standard property and casualty insurance policies,” said Marcia Blanco, Head of Professional ...
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NewsFlood Re’s credit rating upgraded
Credit rating agency maintains that the reinsurer’s ability to handle large claims warranted an upgrade
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NewsCoreLogic Risk Analysis shows Hurricane Delta threatens 293,685 homes with storm surge damage
CoreLogic today released data analysis showing 293,685 single-family and multifamily homes across Louisiana and the U.S. Gulf Coast with a reconstruction cost value (RCV) of approximately $62.85 billion are at potential risk of storm surge damage from Hurricane Delta based on its projected Category 2 status at landfall. These estimates ...
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NewsSwiss Re Corporate Solutions Implements Majesco Digital1st Insurance and Majesco Policy for P&C on Majesco CloudInsurer in 11 Weeks
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced today that Swiss Re Corporate Solutions implemented Majesco Digital1st Insurance and Majesco Policy for P&C on Majesco CloudInsurer in 11 weeks to support initiatives in the Mexico Retail Market business. “Swiss Re Corporate Solutions had an ...
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NewsCanada’s struggling hospitality businesses face ‘perfect storm’ as insurers flee
Many hospitality companies were already operating on razor-thin margins before pandemic-driven lockdowns. An inability to access affordable insurance could spell the end for them, given they are barely managing to hang on amid distancing restrictions.
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NewsEthiopian Airlines unveils COVID-19 global insurance cover in collaboration with AXA Partner and Awash Insurance
Ethiopian Airlines Group, the largest aviation group in Africa, is pleased to announce that it will cover the medical insurance including repatriation, evacuation and quarantine costs related to COVID-19 as of 01st of October 2020 until 31st of March 2021. The coverage is applicable on all Ethiopian’s international flights booked ...
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AnalysisReputational crises put directors at risk
ESG pledges, unmet, will leave stakeholders disappointed and pose the greatest enterprise risks of all, warn Nir Kossovsky and Denise Williamee
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NewsLouisiana braces for Hurricane Delta
Louisiana on Thursday steeled itself for another in a record-breaking series of violent storms as Hurricane Delta sped across the Gulf of Mexico toward a region still recovering from the last storm. Delta struck Mexico’s tourist enclaves on the Yucatan peninsula on Wednesday, shaking residents and leaving behind a mess ...
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NewsInsurtech Superscript becomes a registered Lloyd’s broker
The move follows the insurtech registering as a Lloyd’s coverholder in 2019
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NewsConduct risk rises for financial firms
The pandemic is driving concern over mis-selling and improper business practices in the financial services sector - ORX
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NewsChina’s Lufax, backed by Ping An Insurance Group, files for U.S. IPO
The company’s filing follows the listing of OneConnect Financial Technology, another fintech company backed by Ping An, which raised $312 million in December 2019.
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AnalysisFirms must build more resilient workforces
COVID-19 has created a new urgency to protect working people, with compulsory unemployment insurance a much-needed safety net - research
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NewsSwiss Re Corporate Solutions and Hitachi launch ‘smart manufacturing’ solution
Insurance-based solutions will initially focus on manufacturing and transport firms that are adopting AI and other cutting-edge technologies
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NewsCOVID-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market
COVID-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, according to a new AM Best special report, adding to the challenges faced by the kingdom’s (re)insurance sector — the smallest among the Gulf Cooperation Council (GCC) countries.
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NewsSompo International Expands Management Assurance Policy to Include D&O Insurance for Public Companies
Sompo International Holdings today announced a new Directors and Officers Liability (“D&O”) insurance policy form for publicly traded companies. Supported by a growing team of experienced underwriting and claims professionals and backed by excellent financial strength, Sompo International continues to be a trusted insurance partner for publicly traded companies in ...
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NewsHurricane Delta rips through Cancun, but damage less than feared
Tourists in Mexico’s top Caribbean resort Cancun picked their way through battered streets, broken glass and trees downed by Hurricane Delta on Wednesday, though damage was less severe than some feared as the storm tore across the Yucatan peninsula.
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NewsWEF: Unemployment is world’s biggest risk, business leaders say
Unemployment is the main concern for business executives globally, with fiscal crisis — the top concern in 2019 — coming third, according to the World Economic Forum’s interactive map on Regional Risks for Doing Business 2020. Infectious diseases progressed 28 spots and is the second most recurring risk, appearing in ...
