Executives On The Move at CNA, Ascot and Grange Insurance
CNA appointed a new head of its Small Business arm. Ascot picked an executive to lead its operations in Bermuda. Grange Insurance appointed a new board member.
Markets
Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims
Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...
Executives On The Move at Zurich North America, BHSI and AXIS Capital Holdings
Zurich North America hired a former Aviva executive to take on a leadership role in Canada for its Group Risk Management team. Berkshire Hathaway Specialty Insurance named a new senior vice president ...
Enstar Group Providing $2B+ Adverse Development Cover To AXA XL
Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar's ...
Munich Re’s 2020 Profit Plunges 55%, Spurred by COVID Claims
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...
Aviva Reportedly Extends Bid Deadline for Polish Operations Over Santander Contract
Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is still haggling with Spanish lender Santander over the renewal of a key ...
Latest Launches From Verisk, CSAA, American Modern
Verisk is offering a new usage-based program for auto insurers. CSAA Insurance Group has started a new network that highlights environmental sustainability. American Modern has launched an augmented ...
Federal Flood Insurance Premiums Far From Keeping Up With Expected Losses
If the nearly 4.3 million residential homes (1-4 units) across the country with substantial flood risk were to be insured through the National Flood Insurance Program, the NFIP rates would need to ...