Global Economy
Swiss Re, Auto Maker Daimler Launch MGA Focused on Auto and Mobility Insurance
Swiss Re and Daimler Insurance Services are jointly launching a managing general agent focused on automotive and mobility insurance. Dubbed Movinx, the aim of the 50/50 joint venture is to develop ...
Insurers Express Confidence Over Vaccine Trial Coverage
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific ...
Lloyd’s Reviews Insurance Contracts Due to COVID-19
Lloyd's of London is reviewing the way insurance products are designed and sold as it calls for simpler products in response to the coronavirus pandemic, the commercial insurance market said on ...
Biden Corporate Tax Proposals Could Cost Carriers Money: S&P
Former Vice President Joe Biden could cost insurers significant cash if he wins the election, thanks to the risk of higher tax bills stemming from his proposed changes to the corporate tax structure, ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
Pandemic-Era Carriers Attracting Hedge Funds’ Attention
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are ...
Executives On The Move at AXIS, Buckle and Guy Carpenter
AXIS Insurance hired four underwriters for its U.S. Management Liability team. Buckle, a tech-enabled financial services company, has brought on two veteran insurance executives in leadership roles. ...