Most British firms not insured for Coronavirus closures
Most companies in Britain don’t have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday.
What’s in the U.S Coronavirus aid bill?
The U.S. House of Representatives passed a multi-billion dollar aid package early on Saturday that aims to limit the economic damage from the coronavirus pandemic. The Republican-controlled Senate is expected to take it up this week.
Biden & Sanders fault U.S outbreak response in debate
Democratic presidential contenders Joe Biden and Bernie Sanders faced off on Sunday in their first one-on-one debate, a key moment before votes in four states on Tuesday. The former vice president and the U.S. senator from Vermont initially focused their discussion on the coronavirus pandemic.
Lloyd’s to shut London building for stress-test
Lloyd’s is shutting its London underwriting room at 1 Lime Street for one day for a contingency planning exercise in response to the coronavirus outbreak.
UOB lauches insurance-bundled product for women
In celebration of International Women’s Day last weekend, United Overseas Bank (UOB) and Prudential Singapore launched a savings product for women in Singapore that combines a savings account with complimentary medical insurance for six female-related cancers.
Clinical trials insurance crucial for seeking COVID-19 cure
Medical experts have been hard at work to find a cure for COVID-19, with dozens of studies underway in several countries. In some cases, clinical trials have been performed to test possible solutions on patients in China and the US.
Aon to buy Willis Towers Watson
Global insurance brokers Aon and Willis Towers Watson announced a definitive agreement to combine in an all-stock transaction with an implied combined equity value of approximately $80 billion.
Towards a win-win bancassurance partnership
Bancassurance, or selling of insurance through bank partners, is one of the most popular distribution channels in Asia today, as shown by insurers signing blockbuster long-term deals across the region. For many insurers and banks, this channel is a major revenue stream, but, of course, it is not flawless.
Keep calm and work from home during Coronavirus
Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.
Impact of outbreak on home loans and mortgage rates
The Federal Reserve cut short-term interest rates by half a percentage point on Tuesday in an effort to protect the economy from more damage from the virus outbreak. What does all this mean for home buyers? Or those looking to lock in a mortgage rate? For owners considering a refinance? And for those holding an adjustable-rate mortgage?