Markets
Executives On The Move at Zurich and The Standard
Zurich Insurance appointed one executive to run its Nordic business and expanded his management facility. He replaces another executive who will take on a new leadership role. The Standard promoted ...
QBE Full-Year 2020 Loss Is $1.5B; No Dividend
QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance group preannounced in late mid-December. The result represents ...
Update: Wife Sues Husband’s Employer for Causing Her COVID-19 Infection
A federal judge is weighing what she called a first-of-its-kind lawsuit that would hold an employer responsible for a worker's spouse getting sick with COVID-19. Plenty of families have sued ...
Swiss Re Posts $878M 2020 Loss, Much Larger Than Expected
Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects ...
Homeowners Insurance Will Book Modest Underwriting Loss for 2020: Fitch
The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses from natural catastrophes and managing operations amid the global ...
SPAC Entity Backed by AmTrust CEO Files for $300M IPO
A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on ...
Winter Storm Uri Will Produce ‘Billions of Dollars’ in Insured Losses: Moody’s
Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses "in the billions of dollars," Moody's said in new commentary released on Feb. ...
U.S. E&S Insurers Win A.M. Best Outlook Upgrade Over Pandemic Resiliency
Resiliency from the U.S. excess & surplus lines market in the face of pandemic challenges has earned it an outlook upgrade from A.M. Best. A.M. Best revised its outlook for U.S. E&S to Stable ...