Markets
Future-at-Lloyd’s Modernization Project Moves Forward
Since Lloyd's first announced the blueprint for its Future at Lloyd's project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be ...
Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...
CNA Chooses Miralles as Its New CFO
CNA's CFO slot has a new person in the role. The Chicago-based property/casualty insurer said it appointed Al Miralles as executive vice president and chief financial officer. He replaces James ...
The Latest Launches From Nationwide, Bold Penguin and Neptune Flood
Nationwide said it is beefing up its coverage of homeowners with connected devices through a new partnership with Notion. Bold Penguin, a commercial insurance technology provider, has added ...
AIG’s Blackboard Insurance Gains Virginia Approval for Commercial Insurance Cover
Blackboard Insurance disclosed it has gained approval of its commercial insurance package in Virginia, bringing its reach to 47 states and territories to date. The news represents a milestone for the ...
Progressive Plans to Hire Up to 8,000 Additional Employees in 2020
Progressive said it plans to hire as many as 8,000 new employees nationally in 2020 to help propel continued growth in auto, property, commercial lines and recreational products insurance. Hiring ...
Arch Capital Acquires Minority Stake in Trade Credit Insurer Coface
Arch Capital Group Ltd. has purchased a minority stake in Coface, a trade credit insurer based in France. The transaction involves the acquisition of a 29.5 percent stake. Arch will pay €10.70 per ...
Wells Fargo Will Fork Over $3B to Settle Consumer Abuse Allegations
Wells Fargo & Co. will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges. ...