Commercial Lines
Demand Soars for Parametric Insurance to Cover Pandemic Business Interruptions
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He's also plugging away trying to keep businesses healthy, as well. ...
COVID-19 Might Spur a Social Inflation Spike: A.M. Best
COVID-19 could produce a big increase in social inflation, A.M. Best said in a newly issued commentary. The reason: expectations that businesses will sue their insurers in an attempt to access their ...
Marsh Will Grab Broker Assurance for an Undisclosed Price
Marsh, a global insurance broker and risk adviser, said it is acquiring Assurance, an Illinois-based full-service brokerage. The transaction is taking place through Marsh & McLennan Agency LLC, ...
D&O Insurers Face Challenges as Company Bosses Deal With Coronavirus Legal Claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which ...
April Reinsurance Renewals Went ‘Smoothly’ Even as Underwriters Worked From Home
Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. "The global ...
Coronavirus Reportedly Dashes National Bank of Greece’s Sale of Ethniki Insurance Unit
National Bank of Greece SA has halted the sale of its Ethniki Insurance unit after the coronavirus pandemic dashed any lingering hopes of a successful auction, according to people familiar with the ...
Munich Re Withdraws Profit Guidance, Pauses Share Buybacks Due to Coronavirus Strain
Munich Re said its property/casualty reinsurance segment is facing considerable strain due to the coronavirus pandemic, largely because of losses connected to widespread cancellation and postponement ...
EU States Giving Guarantees to Credit Insurers to Keep Coronavirus-Hit Companies Going
European Union states are giving guarantees to credit insurers in a bid to keep coronavirus-hit companies afloat, as some firms cut cover for trade involving bloc members such as Italy and Spain, ...