Articles

Insurance

Olympic Committee takes out $800m event cancellation policy with fate of games in the balance

Bloomberg Intelligence estimates the insured cost of cancelling the Olympics to be up to $3bn.   11 June 2021

Insurance

Hail, tornadoes, wind and floods: just another May in the US of A

One storm on May 3-5 caused combined economic losses in excess of $850m, most of which was insured.   11 June 2021

Insurance

Covéa and SCOR bury the hatchet after acrimonious failed takeover dispute

The two groups signed a settlement in the presence of the French financial regulator that prevents Covéa from acquiring SCOR shares for seven years.   11 June 2021

Insurance

Miller poaches Peak Capital CEO to lead ILS business

It is one of three additions to Miller’s ILS team in Bermuda.   10 June 2021

Insurance

US cyber premiums increase by 21% as demand surges

Rates also increased by 2.5% last year for insurers.   10 June 2021

Insurance

AXA to pay out on thousands of BI policies for restaurants

The insurer is making the settlement despite continued judicial uncertainty.   10 June 2021

Insurance

MGA/insurtech firm Qlaims appoints new CEO amid C-suite reshuffle

Qlaims Insurance uses capacity provided by HSB Engineering, part of Munich Re.   10 June 2021

Insurance

Ransomware gangs now mirror drug cartels as stakes raise: CyberCube

They have also expanded the playbook to include so-called ‘double-extortion’.   10 June 2021

Insurance

Neema launches African political violence & terrorism reinsurance product

Neema promises more Africa-centric products 'very soon'.   9 June 2021

Insurance

Hanleigh hires 35 year veteran to strengthen its sales team in California

The appointment is experienced in income protection solutions, including integrated plan designs, risk transfer and other disability income risk management strategies.   9 June 2021

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