Risk
The Hanover Sees Limited COVID-19 Financial Impact to Date
The Hanover Insurance Group Inc. saw higher net income in the 2020 second quarter compared to the same period a year ago, with limited impact to date from the COVID-19 pandemic. The ...
South African Insurers Acquiesce to Demands for Pandemic Business Interruption Cover
South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation's lockdown. Momentum Metropolitan Holdings Ltd.'s Guardrisk will make settlement ...
Chubb Loses $331M in Q2, Slammed by COVID-19 Costs
Over just two quarters, the coronavirus pandemic has forced Chubb's net income to plunge, and now, swing to a sizable loss. Chubb lost $331 million, or $0.73 per share during the 2020 second quarter, ...
U.S. P/C Insurers Saw Record Q1 Surplus Drop, but Fundamentals Remained Solid: APCIA/Verisk
The U.S. property/casualty insurance industry saw its surplus drop by a record amount in the 2020 first quarter, thanks to stock market turmoil driven by the coronavirus pandemic's rapid arrival. But ...
Goodbye to Workers Comp Profits in 2020 (Blame COVID-19)
The workers compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice ...
Germany Plans Regulation Reform For Insurers, Banks, Payment Firms on Wirecard Collapse
German Finance Minister Olaf Scholz intends to unveil a reform of the government's financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of ...
AXA XL Makes Americas, UK and Lloyd’s Exec Appointments in Ongoing Restructuring
AXA XL's plan to revamp the structure and focus of its Insurance unit continues with a number of new leadership promotions and new hires in the Americas and also the UK/Lloyd's market. AXA XL's new ...
1000-Plus Twitter Employees Reportedly Had Access to Hack-Worthy Tools
More than a thousand Twitter employees and contractors as of earlier this year had access to internal tools that could change user account settings and hand control to others, two former employees ...