Global Economy
Chubb Debuts Global Platform Designed to Simplify Distribution Through Partners’ Digital Channels
Chubb is debuting a global platform designed to simplify and streamline the distribution of its insurance products through partners' digital channels globally. The company refers to the offerings as ...
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
With Hardening Market and Higher Rates, Swiss Re Offers Positive Renewal Outlook
Swiss Re said it sees a positive outlook for renewals as the market continues hardening and rates increase. "Even before the COVID-19 crisis, most major markets were operating at below-average ...
Wary Credit Insurers Pull Back, Leaving Suppliers and Retailers in a Bind
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can't ship to stores. The reason? The 66-year-old family-owned sock maker can't get ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...
Munich Re Saw COVID-19 Claims Slow Down in Q3
German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...
British Entertainment Industry Seeks Government Insurance Help
British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While ...
InsurTech NY Is Sponsoring Virtual Industry Job Fair on Oct. 29
InsurTech NY will be holding what it is billing as the first dedicated virtual job fair and networking event for InsurTech startups and the insurance industry. Scheduled for Oct. 29, 2020, the event ...