Reinsurance
Some Reinsurers Will Try Pandemic Exclusions for Casualty at 1/1
Whether they are convinced that they absolutely need them or not, some reinsurers aim to try to put pandemic exclusions into casualty reinsurance contracts next year, a reinsurance broker ...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
The top emerging litigation risk identified for the year ahead is PFAS, the so-called "forever chemicals" used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting ...
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 ...