Underwriting
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
Google Reportedly Likely to Face Antitrust Suits From U.S. State Attorneys General
A group of state attorneys general led by Texas are likely to file an antitrust lawsuit against Alphabet Inc's Google and are working on potential litigation for later this year, a person familiar ...
U.S. Employers Veer Away From Coronavirus ‘Immunity Tests’ as They Prepare to Reopen
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to ...
For Third Point Re, COVID-19 Hurts, but Underwriting Profit Reached for First Time
Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first ...
Envelop Risk, a Cyber Underwriting Firm, Raises $6 Million in VC Financing
Envelop Risk raised $6 million in new venture financing, money that will help fuel expansion for the UK-based cyber underwriting and risk analytics startup. AI-specialist investor Alpha Intelligence ...
Insurance Comparison Firm SelectQuote Plans a $342M IPO
SelectQuote Inc said on Friday it was looking to raise about $342 million in an initial public offering that could value the owner of the eponymous insurance policy comparison website at more than $3 ...
Fitch Ratings Issues Negative Outlook for PartnerRe
PartnerRe now has a negative outlook from Fitch Ratings, largely over concerns about potentially expanding coronavirus-related reinsurance claims. Fitch's decision comes less than a week after French ...