Underwriting
Uncertainty Remains Whether UK Insurers Will Have to Cover Business Interruption Claims
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing ...
U.S. Insurers, Wary of COVID-19, Avoid Already Strained Senior Care Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers ...
Chubb Unveils Public-Private Program for Pandemic Biz Interruption
Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses ...
Lloyd’s Starts Work With Three InsurTechs With Focus on COVID-19 Response
Lloyd's has started work with three InsurTech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd's has ...
AXA Fund Unit Sets 33 Percent Target for Gender Diversity on Company Boards
AXA Investment Managers will set a 33% target for gender diversity on listed company boards in developed markets and may vote against companies which fail to meet this mark. The asset management unit ...
QOMPLX Plans MGA Subsidiary Launch for Fall 2020
QOMPLX, the developer of an intelligent decision platform used in cybersecurity, insurance, and quantitative finance, is launching a U.S.-based MGA subsidiary. RubiQon Risk & Insurance ...
Argo Group Searches for New CFO, Updates Leadership Responsibilities
Argo Group International Holdings has started searching for a new chief financial officer and is updating responsibilities for its senior leadership team in a broader, related move. The Bermuda-based ...
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty insurer reported a whopping ...