Commercial Lines
Argo Faces $51M in Estimated Q4 COVID-19, Natural Catastrophe Losses
Argo Group International Holdings Ltd. estimates losses from fourth-quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. Breaking down the overall total, Bermuda-based ...
China’s Ping An Insurance Reports First Annual Profit Drop Since 2008
Ping An Insurance Group Co of China Ltd , China's largest insurer by market value, on Wednesday reported its first annual fall in profit since 2008, as COVID shutdowns hampered business growth. The ...
Cyberscout to Be Acquired by Sontiq, an Identity Security Company
Cyberscout, a provider of cyber risk analytics for insurers and reinsurers via a proprietary platform, is set to be acquired. The new owner-to-be: Sontiq, an identity security company with a number ...
Chubb’s Q4 Net Income Jumped Partially From Commercial P/C Rate Hikes
Two key words for Chubb's 2020 fourth quarter turned out to be "significantly higher." Chubb's net income grew significantly higher, as did its net premiums written, which expanded by double digits ...
Tesla Will Recall 135,000 U.S. Vehicles Over Touch Screen Safety Concerns
Tesla Inc has agreed to recall 134,951 Model S and Model X vehicles with touchscreen displays that could fail and raise the risk of a crash after U.S. auto safety regulators sought the recall last ...
Climate Change Forcing Ocean Levels to Rise More Quickly Than Anticipated
Climate change is causing oceans to rise quicker than scientists' most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates ...
Investor Wants Finland’s Sampo to Focus on Insurance, Sell Nordea Stake
Finnish financial group Sampo should sell its 4.3 billion euro ($5.2 billion) holding in lender Nordea this year and focus on its insurance operations, Elliott Advisors said on Tuesday. The activist ...
Repair Your Damaged Reputations, AM Best Tells UK Insurers
While most of the COVID-related problems that plagued U.K. commercial property insurers will abate after the March anniversary of lockdowns, battles with reinsurers and damaged reputations are ...