Commercial Lines
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, ...
User Sues Zoom, Alleging Disclosure of Personal Info
Zoom Video Communications Inc. was sued by a user who claims the popular video-conferencing service is illegally disclosing personal information. The company collects information when users install ...
P/C Insurance Industry Supports New Government Fund to Help Businesses, Workers Harmed by Coronavirus Crisis
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and ...
Executives On The Move at AGCS and Willis Re
Allianz Global Corporate & Specialty named its first-ever Chief Data Officer. A Willis Re executive is taking on a new job for the company in North America. *** Ali Shahkarami is the new Chief ...
Executives On The Move at Root and Allianz
A former Facebook executive joined digital auto insurer Root as its first Chief People Officer. Allianz's Australian operations hired a new chief risk officer. *** Root Inc., the parent company of ...
Ageas Goes AI for Claims Process Via Tractable Partnership
UK insurer Ageas will start using artificial intelligence to create end-to-end assessments and estimates of vehicle damage during a claims process. The move comes thanks to a partnership with ...
QBE Withdraws 2020 Financial Targets Over COVID-19 Uncertainty
QBE, in a potential harbinger of things to come from other carriers, has withdrawn its 2020 financial targets due to COVID-19 uncertainty. "In light of the unprecedented COVID-19 pandemic and ...