Markets
AIG President Zaffino on Surviving COVID-19: Ongoing Adaptation Is Key
If there's one thing that AIG's top leaders have tried to get across, it is this: COVID-19 is like nothing else the industry has faced, it will impact nearly every part of what insurers do in the ...
AXIS Gets an A.M. Best Ratings Downgrade; Q1 Losses Hit $185M
AXIS Capital Holdings Ltd. must deal with a ratings downgrade issued by A.M. Best over concerns about its financial performance. On May 5, A.M. Best downgraded the financial strength rating to "A" ...
German Judge Challenges VW’s Defense in Diesel Damages Landmark Case
A German federal court judge cast doubt on Volkswagen's reasoning after the carmaker urged the court to dismiss a claim for damages brought by an owner of a diesel powered VW Sharan family van. ...
Neptune Partnerships Help Double Its Lloyd’s Capacity
Neptune Flood, an online flood insurance company, has entered into strategic underwriting partnerships that double its capacity at Lloyd's. Neptune, a Lloyd's Coverholder since 2017, is now working ...
Industry Needs to Reinvent Itself to Stay Relevant: McKinsey
The insurance industry has proven its resilience in recent years, weathering billion-dollar natural catastrophe events, increased cyber risk and now a pandemic, but this resilience will be tested ...
CM Virtual Summit Preview: Future InsurTechs Might Rely More on Bootstrapping
While the coronavirus pandemic is widely expected to force a big drop in InsurTech venture capital investment, some experts suggest the industry will still see plenty of startups. This time, however, ...
COVID-19 Pushes AIG’s P/C Insurance Business Into the Red
After years of losses and just 12 months of underwriting income, American International Group's property/casualty business has lost money again. For that, COVID-19 is to blame. AIG said the P/C arm ...
Zurich North America and Tokio Marine Kiln Each Hire a Former Chubb Exec
Two former Chubb executives have joined Zurich North America and Tokio Marine Kiln, respectively, in leadership roles. Alexander Wells is Zurich North America's new U.S. head of middle market, ...