Munich Re doesn’t expect the coronavirus pandemic to have a material impact on its results for this year but said that, should the virus continue to spread, the effects could be stronger. “From today’s perspective, Munich Re does not expect the consequences of the coronavirus to have any overall material effect on the annual result,”… Continue reading Munich Re Doesn’t Expect Significant Impact from Coronavirus Pandemic
Tag: insurance
Brexit Is Here: What Now?
The European Parliament gave the green light, so the UK will formally leave the EU tomorrow, January 31, with a withdrawal deal – and it will then go into a transition period that is scheduled to end on December 30, 2020. During this period the UK will effectively remain in the EU’s customs union and… Continue reading Brexit Is Here: What Now?
EU Extends Brexit Deadline Until Jan. 31
The European Union agreed to delay Brexit until Jan. 31, increasing the chances of a U.K. election before the end of the year and ending any hope of a departure by Prime Minister Boris Johnson’s promised deadline this week. The decision, agreed on by ambassadors from the 27 other EU countries on Monday, grants a… Continue reading EU Extends Brexit Deadline Until Jan. 31
Three Years of Uncertainty: Charting How Brexit Has Shaped U.K. Financial Markets
With two Brexit deadlines already passed and a third expected to be extended, the uncertainty that has weighed on the economy and financial markets for three years looks set to drag on. Lawmakers backed Prime Minister Boris Johnson’s Brexit deal this week, but didn’t approve his accelerated timetable, making a departure from the European Union… Continue reading Three Years of Uncertainty: Charting How Brexit Has Shaped U.K. Financial Markets
AIG Appoints Richard Olsen Chief Actuary, General Insurance
American International Group, Inc. announced that Richard Olsen will join the company as Chief Actuary, General Insurance, effective immediately. Mr. Olsen will be based in New York and will report to Mark Lyons, Executive Vice President & Chief Financial Offer, AIG. Mr. Olsen will lead the General Insurance global actuarial organization, with responsibility for aligning… Continue reading AIG Appoints Richard Olsen Chief Actuary, General Insurance
Ryan Specialty Group and Nationwide to Launch New Reinsurer Geneva Re in Bermuda
Ryan Specialty Group (RSG) has teamed up with insurance and financial services provider Nationwide to launch a new reinsurance company based in Bermuda, Geneva Re. Nationwide will own 50 percent of the new entity, with RSG and RSG-related investors holding the remaining 50 percent. Both the parties have agreed to a strategic partnership that will… Continue reading Ryan Specialty Group and Nationwide to Launch New Reinsurer Geneva Re in Bermuda
Chubb Enhances Multinational Capabilities with Cutting-Edge Policy Translation Solution
Chubb announced several key improvements to its proprietary digital Worldview® platform, adding new features and improved functionality to better serve its multinational clients and brokers. The most notable of these enhancements is its new policy translation solution that is exclusive to Chubb and its current multinational customers. “Chubb is dedicated to providing its customers and… Continue reading Chubb Enhances Multinational Capabilities with Cutting-Edge Policy Translation Solution
Jardine Lloyd Thompson Reports Underlying Growth Ahead of Takeover
Jardine Lloyd Thompson Group PLC – which is in the process of being taken over by US insurance provider Marsh & McLennan Cos Inc – on Tuesday said its annual underlying profit and revenue increased. Under London Stock Exchange regulations, JLT has to update the market on key financial items despite shareholders approving the GBP4.3… Continue reading Jardine Lloyd Thompson Reports Underlying Growth Ahead of Takeover
Hiscox Profits Treble As Insurer Reaps Benefits of Overhaul
Insurer Hiscox’s profits trebled last year, despite a series of large natural catastrophes and volatile investment markets. The company on Monday said it was reaping the benefits of action it had taken over the past few years to restructure its London Market business, which sells specialist commercial insurance in the City of London. That part… Continue reading Hiscox Profits Treble As Insurer Reaps Benefits of Overhaul
Mark Zuckerberg Ordered to Answer Claims that Facebook Exposed Private Health Data
US committee has demanded Mark Zuckerberg answer claims that Facebook failed to protect users’ health data, leaving vulnerable people open to harassment and discrimination. The House of Congress Energy and Commerce Committee, which has been tasked with scrutinising social media companies, suggested that Facebook misled users into joining “anonymous” groups without realising they were exposing… Continue reading Mark Zuckerberg Ordered to Answer Claims that Facebook Exposed Private Health Data