Global Economy
6-Feet Social Distancing Workplaces Are Increasingly Likely
One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues' coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, ...
Zurich, Chubb Boost Cover for Controversial Trans Mountain Oil Pipeline
Major insurers Zurich, Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of ...
UK Insurer Brit, Google Team on First Fully Digital Lloyd’s Syndicate
Brit Ltd. and Google Cloud are partnering on the launch of Ki—what is being billed as the first fully digital and algorithmically driven Lloyd's syndicate. Debuting in 2021, Ki will be a ...
Left at the Altar: Covea Abandons $9B Purchase of Exor’s PartnerRe
French insurer Covea has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy's Agnelli family, saying it could no ...
Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...
Zurich’s Gerber, a Forward-Looking Former CEO, Has Died
Fritz Gerber, a legendary former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10, 2020, according to the company, which did not disclose further details. "Fritz ...
NICB Makes Homeland Security Vet Glawe Its New CEO
A veteran leader at the U.S. Department of Homeland Security and former FBI officer is joining the National Insurance Crime Bureau as its new president and CEO. NICB hired David Glawe to lead the ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...