Commercial Lines
Underwriting Discipline Will Rule With January 1 Reinsurance Renewals
Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions ...
Lockton Re Imagined: Bringing Choice to Reinsurance Brokerage
While some reinsurance brokers see opportunities to achieve significant economies of scale in the reinsurance market through acquisitions, others see opportunities to grow by providing reinsurance ...
Global Reinsurers Face Major Hardening Market Over Next Two Years: Munich Re
Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to ...
Executives On The Move at CNA and CoreLogic
CNA appointed a new Chief Data & Analytics Officer. CoreLogic hired someone to run its Insurance Solutions business for the global property insurance industry. *** CNA appointed Santosh Bardwaj ...
Despite COVID Losses, Lloyd’s Underlying Underwriting Results See Big Improvement
While Lloyd's overall results in the second half were hit by £2.4 billion ($3.12 billion) of COVID-19 claims, the market's underlying underwriting performance saw a "huge improvement," which Chief ...
Ransomware Attacks Soar and Grow More Malicious: Coalition
Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, ...
Swiss Re’s Risk Radar
Swiss Re's annual SONAR report, published in early June, highlights 14 emerging risks that will impact different sectors of the insurance industry in different time frames. The accompanying chart ...
Executives On The Move at Guy Carpenter, AIG and Chubb
Guy Carpenter appointed a Marsh veteran to the newly created role of president. AIG announced the appointment of a new CEO for Talbot Underwriting Ltd. Chubb named a new regional president for its ...