Global Economy
Executives On The Move at Canopius and Guy Carpenter
Specialty insurer Canopius named a new head of its Credit & Political Risk team. Guy Carpenter & Company appointed a new managing director of its Global Risk Solutions division. *** Canopius, ...
Chubb CEO Greenberg Laments U.S. Govt. Covid-19 Setbacks, Promotes Diversity Initiatives
Chubb's employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. That's been a problem in the United ...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon
Usage of insurance linked securities the first six months of 2020 is already 20 percent higher than all of 2019, underscoring the sector's momentum and resilience even with the coronavirus pandemic, ...
South African Insurers Acquiesce to Demands for Pandemic Business Interruption Cover
South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation's lockdown. Momentum Metropolitan Holdings Ltd.'s Guardrisk will make settlement ...
Chubb Loses $331M in Q2, Slammed by COVID-19 Costs
Over just two quarters, the coronavirus pandemic has forced Chubb's net income to plunge, and now, swing to a sizable loss. Chubb lost $331 million, or $0.73 per share during the 2020 second quarter, ...
PartnerRe Makes Bonneau CEO While Dealing With Pandemic-Hammered Q2 Results
A former Chubb executive is officially the new president and CEO of PartnerRe Ld., taking over as the Bermuda-based reinsurer reported 2020 second quarter results hammered by COVID-19 challenges. The ...
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...
AIG Investment Advisory Unit Will Resolve SEC Charges With $40M Payment
An investment advisory unit of American International Group has agreed to pay about $40 million for failing to disclose to teachers and other clients conflicts of interest and practices that ...