Commercial Lines
Higher Cargo Insurance Rates, New Risks Aplenty With COVID Vaccine Rollout
Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on ...
Lemonade Wins Right to Use Signature Pink in France
Lemonade said it has won one battle in its ongoing fight to use its signature pink in the European Union. The digital insurer said it came out on top in a key ruling against Deutsche Telekom ...
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
Lloyd’s Takes Step to End Insurance and Investments in Coal
The Lloyd's market is moving to end its insurance of coal and oil sands businesses while at the same time ceasing investments in such carbon-producing assets by Jan. 1, 2022. As part of its plan to ...
EU Regulator Seeks More Hands-On Approach to Insurer Capital
The European Union's capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, ...
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 ...
Executives On The Move at AXIS Insurance and Tokio Marine HCC
Four insurance industry veterans joined AXIS Insurance as senior underwriters within its U.S. Excess and Surplus Property team. Tokio Marine HHC named a new vice president of Cyber and Tech ...
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 ...