Underwriting
Insurance M&A Rebounds, With Trend Continuing Into 2021: PwC
Insurance M&A deals rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well into 2021 as companies unload non-core assets and purse cost-effective ...
Generali Embraces the Cloud in Accenture Joint Venture
Generali Group formed a joint venture with technology consultancy Accenture that's designed to accelerate its migration to the cloud in an ongoing innovation and digitization plan. Generali said it ...
Alleged Chinese Hackers Stole Security Footage From African Union Gathering
As diplomats gathered at the African Union's headquarters earlier this year to prepare for its annual leaders' summit, employees of the international organization made a disturbing discovery. Someone ...
2020 Is Among the Insurance Industry’s Most Costly Years: Swiss Re
Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to $83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according ...
Small Commercial Customers Largely Unaware of Insurer Pandemic Protection Efforts: J.D. Power
If commercial insurance providers are pursuing pandemic-fueled efforts to help their small business customers, many are largely unaware of their efforts, J.D. Power determined as part of a new ...
Former Argo CEO Watson Pays $450K to SEC Over Failure to Disclose $5.3M in Perks
The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his role in the firm's failure to disclose more than $5.3 million ...
U.S. General Liability Insurance Assigned A.M. Best Negative Outlook
The U.S. commercial general liability insurance segment gets a negative outlook from A.M. Best, due to concern about social inflation, third-party litigation financing and other factors leading to ...
Lloyd’s, InsurTech Parsyl Will Cover Emerging Market COVID-19 Vaccine Distribution
Lloyd's of London and insurtech firm Parsyl have launched a program to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical ...