Markets
Polluted Skies Over Texas: Emissions Soar as Freeze Shuts Refineries
The largest U.S. oil refiners released tons of air pollutants into the skies over Texas this past week, according to figures provided to the state, as refineries and petrochemical plants in the ...
Third Point Re CEO Malloy Moves To Distribution Leader Role At Sirius
As Third Point Re continues to staff up its executive and underwriting teams in advance of an anticipated merger with Sirius International Insurance Group Ltd., the Bermuda-based reinsurer has ...
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 ...