Markets
The U.S. P/C Industry Boosted Profits in 2020 Despite COVID-19: A.M. Best
Despite the COVID-19 pandemic, the U.S. property/casualtyindustry improved its overall profitability in 2020, with a 68 percent increase in net underwriting income and combined ratio that improved ...
Microsoft Warns Ransom-Seeking Hackers Are Taking Advantage of Server Flaws
Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, the company said early Thursday - a serious escalation that could ...
AXA Drops German Power Giant RWE as a Client Due to Coal Operations
AXA SA, France's biggest insurer, is dropping German energy giant RWE AG as a client in a decision that highlights how taboo the coal business has become. Not even an appeal from RWE Chief Executive ...
Swiss Re Corporate Solutions and Coalition Extend Collaboration
Swiss Re Corporate Solutions, the commercial insurance unit of Swiss Re Group, and Coalition, a provider of cyber insurance and security, have signed a multiyear strategic agreement to provide broad ...
AIG Hires Lincoln Financial Exec to Help Separate Its Life & Retirement Business
AIG has hired a Lincoln Financial executive to help separate its Life & Retirement business into a standalone company and guide other streamlining efforts. Lisa Buckingham is joining the company ...
Progressive’s Legendary Marketing Guru Plans to Retire
The Progressive Insurance executive credited with a number of iconic marketing campaigns at the carrier is retiring. Jeff Charney will sign off as chief marketing officer for Progressive in January ...
Nordstrom Lawsuit Argues Civil Unrest Was Single Event With Only 1 Deductible Owed
Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events ...
Generali Hit by Coronavirus Costs, but Upbeat About 2021
Generali is confident it can hit its targets this year after Italy's biggest insurer overcame a negative impact from the coronavirus crisis in 2020 to deliver a record operating profit. Operating ...