Markets
South African Insurer Santam to Begin Processing 4,000 COVID Business Interruption Claims
South African insurer Santam Ltd said on Monday it will start processing business interruption claims for all commercial policies that were affected by a coronavirus-led lockdown in April beyond ...
Shareholders Sue Bayer, Alleging Roundup Lawsuit Secrecy Hurt Share Price
Two law firms are suing Bayer for damages on behalf of shareholders, claiming the German group's management should have warned of the risk of lawsuits over the Roundup weedkiller when Bayer acquired ...
Specialty E&S Insurer Upland Capital Makes Its Debut
Upland Capital Group has become the latest specialty insurance business in the marketplace. The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
Executives On The Move at Lloyd’s, AIG and AGCS
Lloyd's of London hired an executive to fill its first-ever Chief of Markets position. AIG has a new head of Media & External Communications. Allianz Global Corporate & Specialty SE named a ...
Hallmark Financial Explores Splitting Off Specialty Commercial
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access ...
Data Provider CoreLogic Reportedly Attracts Two Possible Suitors
CoStar Group Inc. and a private equity group led by Warburg Pincus are the final bidders competing for data provider CoreLogic Inc., according to people familiar with the matter. CoreLogic, which is ...
Intel Investigates Hack of Quarterly Earnings Graphic
Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorized access before publication. "Once we became aware ...