How has the COVID-19 pandemic impacted marine insurance?

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“We saw significant supply chain disruption as major manufacturing points were impacted by the virus and the global nature of the marine sector meant it had to battle a series of common pandemic-related risks that were interpreted, managed, and responded to separately at each port,” Martin said.

Aside from goods, crews were impacted by the pandemic as they needed to overcome resourcing, and travel restrictions. Many crews were also required to undergo significant and impactful quarantines and isolation periods, making it difficult for assessors to safely board and evaluate the impact of a claim, Martin said.

“Some of the international

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Aegon sale hit by block

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Last November, Dutch insurer Aegon announced the sale of its insurance, pension, and asset management businesses in Hungary, Poland, Romania, and Turkey to Vienna Insurance Group AG (VIG). Now the deal has hit a snag in one market.

In a release, the buyer said it received a decree from the Hungarian Ministry of Interior informing VIG that the intended acquisition by a foreign investor of the Aegon companies in Hungary had been denied. No further details were outlined by VIG.

Reacting to the hitch, the Austrian group stated: “As part of the approval process, Vienna Insurance Group has been in

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Insurance And Monetary Companies Company Nationwide

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Task by Us. We may freely assign these Terms and all of the policies and different paperwork … Read More

Manulife HK signs blockbuster office lease deal

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The lease agreement, signed with the building’s owner PAG, is part of Manulife’s plans to grow its agency channel. Manulife will become one of the anchor tenants of ITT, occupying a total of four floors. Over the past years, Manulife Hong Kong has continuously grown its agency force, with 10,706 agents by end-2020, more than double the number a decade ago.

“We are excited to conclude this lease deal as part of our plan to accelerate our agency expansion and further support our continued growth,” said Damien Green, CEO of Manulife Hong Kong and Macau. “It has been our goal

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