Commercial Lines
Hiscox Loses Money From Virus Claims; Cites ‘Brand Damage’ From Court Case
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...
Beazley CEO Horton Will Leave to Lead QBE
Beazley Chief Executive Officer Andrew Horton is leaving to become the group chief executive officer of QBE Insurance Group Ltd. in Australia, the two companies announced. Horton will be succeeded in ...
PLUS Starts New Designation Program for Cyber Liability Professionals
Cyber liability professionals can access a new designation program at the Professional Liability Underwriting Society, or PLUS. The Cyber Professional Liability Practitioner (CPLP) designation builds ...
QOMPLX Eyes Global Growth After Planned Reverse Merger Deal
QOMPLX, an InsurTech focused on cyber security risk analytics, said it will become a public company in a reverse merger agreement and then acquire two other companies. The Virginia-based outfit ...
India Proposes Further Insurance Company Ownership Limits for Banks
India's central bank wants banks to limit ownership stakes in capital intensive insurance companies at a maximum 20%, less than half of what the current regulations permit, three sources with ...
Reinsurers Will Seek More Rate Hikes After ‘Good’ January Renewals: S&P
Global property and casualty reinsurers saw "good" rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers' hope of a strong start for 2021, ...
Allianz, Munich Re Link With Google to Insure Its Cloud Users
Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its ...
Aon and Praedicat Will Jointly Focus on Product Liability Risks
Aon said it would collaborate with analytics company Praedicat on developing a range of specialist liability reinsurance products and services that address product liability risks including ...