Reinsurance
Markel Property CAT Reinsurance Business Now Solely With Nephila
Markel Corporation is reorganizing how it handles its reinsurance property catastrophe business, and cutting some jobs in the process. The specialty insurer said it will close its Markel Global ...
Pandemic-Era Carriers Attracting Hedge Funds’ Attention
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are ...
Allianz Among Insurers Bracing for Claims Over Hollywood Pandemic Production Shutdowns
Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it's the ...
COVID-19 Fallout Creates Need for More Resilient Workforce, Fewer Employee Risks
COVID-19 has creating a new urgency to build a more resilient workforce and reduce the risks employees face with economic disruptions, according to a new report from Zurich and the University of ...
Delta Gears Up as Year’s 25th Named Storm
Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf ...
Pandemics Now Trump Climate Change as Top Insurance Industry Worry
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks ...
Insurers Win Bid to Prevent Consolidation of COVID-Related Business Interruption Lawsuits
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, ...
Everest Insurance Appoints Three New Underwriting Execs
Everest Insurance made three new executive appointments in its underwriting leadership. Mike Harnett has been named chief underwriting officer for North America; Erik Nikodem has been appointed ...