Commercial Lines
A Possible No-Deal Brexit Places the UK’s Fragile Coronavirus Recovery at Risk
The threat of a no-deal Brexit is back — and with it the risk that the UK economy's shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into ...
AXA Slashes Dividend to Preserve Cash During COVID-19 Pandemic
French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Executives On The Move at AGCS, AXIS Re and QBE North America
Allianz Global Corporate & Specialty hired a new Head of Cyber in North America. AXIS Re made a promotion. QBE North America promoted an executive to be Senior Vice President, Broker Management ...
‘Catastrophe’-Level Insured Losses From Riots Could Rival Record
Rioting that erupted in cities across the United States after the Memorial Day death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder in ...
Some U.S. Salons, Gyms, Offices Requiring Coronavirus Liability Waivers Before Entering
As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and ...
Court Leaves VW to Confront More Diesel Scandal Lawsuits
A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability ...
Public-Private Pandemic Risk Financing Plan Advances in UK
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of working groups to take the idea from the drawing ...
COVID-Driven Bankruptcy Litigation Setting D&O Market on Edge
With revenues tumbling, companies across many industry sectors confront a heightened risk of bankruptcy, spurring possible class action lawsuits brought by creditors against corporate directors and ...