Reinsurance

Executives On The Move at AIG and AXIS

AIG picked a Guy Carpenter veteran executive to lead its operations in Japan. AXIS chose a new head for its AXIS Specialty Europe aviation business in continental Europe.

Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling

Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain's Financial Conduct Authority (FCA) to clarify insurance coverage for COVID-19 related ...

American Family Employees Getting Paid Holiday to Vote in National Election

The American Family Insurance group plans to again give its more than 13,500 employees nationally a paid day off so they can vote in the national election. Employees have a choice in the matter in ...

AM Best Keeps Stable Outlook for Reinsurance Industry

The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. ...

UK Judges Rule Carriers Were Wrong to Reject COVID Business Interruption Claims

London judges have ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain's Financial Conduct ...

Casualty Re ‘Rational’ Despite Likely COVID Whiplash on Social Inflation

A COVID-driven deflation in lawsuit trends is giving reinsurance brokers ammunition to achieve better outcomes for their clients in a hardening casualty reinsurance market, according to an Aon ...

Hardening Re Market Doesn’t Look Like Mid-1980s or 2005

Reinsurance price hikes and capacity changes are not reminiscent of prior hard markets, participants said in quasi-Rendez-Vous meetings, with some going as far to say that current price changes are ...

Casualty Reinsurance Demand Rises in North America Despite Hardening Primary Rates: Willis Re

Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice ...

COVID-19 Narrows VC Window to InsurTechs That Meet Urgent Industry Needs: Deloitte

InsurTech venture financing held its own in the first half of 2020, essentially matching robust levels reached over the same period last year despite economic shocks created by the coronavirus ...