UK government set for leading role in insuring live entertainment
The British government is expected to announce an insurance scheme in the coming weeks for live events, including festivals, theatre and sports, to allow them to go ahead despite the pandemic, insurance industry sources said.
REUTERS EVENTS Allstate seeks more agents, but not as ‘human modems’
Allstate Corp (ALL.N) wants to buy more independent insurance agencies this year to build the business it acquired with its purchase of National General, Allstate Chief Executive Tom Wilson told Reuters on Wednesday.
REUTERS EVENTS Death after COVID: What insurers do not know about post-pandemic mortality
Life insurers need to look well beyond COVID-19 deaths to see how the global pandemic is altering the mortality risk of people they cover, a medical insurance expert said on Wednesday.
Like ‘Terminator,’ high-tech cyber crime to ‘keep coming’
Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, a top expert at insurer Sompo Holdings Inc (8630.T) said on Tuesday.
Extreme weather to push property insurance higher -Hippo CEO
Extreme weather events and shortage of labour and materials for repairs will push property insurance rates higher in the next several years, the chief executive of U.S. home insurer Hippo said on Tuesday.
UK financial sector urges caution over any ‘work from home’ law
How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.
Britain’s biggest investor drops AIG, others from some funds over climate
Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N).
Aon’s $30 bln Willis bid set for EU okay in late June, early July – sources
Insurance broker Aon’s (AON.N) $30 billion bid for Willis Towers Watson (WLTW.O), the biggest ever in the sector, is expected to get the EU antitrust green light later this month or in early July, people familiar with the matter said.
Analysis: As EU preps debut recovery bond, a reality check for “safe asset” hopes
As the European Union readies bond sales for its pioneering COVID-19 recovery fund, the scale and duration of the borrowing programme may disappoint those who had visualised last year’s deal for pooled debt as Europe’s Hamiltonian moment.
Analysis: Chasing yield, U.S. private equity firms nudge up risk on insurers
Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now.
