Reinsurance
Americans Ignore Work-From-Home Cyber Attack Risks: Chubb Survey
A large number of Americans working from home due to the coronavirus pandemic aren't worried about cyber attacks even though they're at greater risk compared to working in the office, Chubb found in ...
Reinsurance Capital Dips; Capacity Available: Aon
Global reinsurance capital fell 6 percent to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report this week The report, which also looks at ...
Arch Capital Pretax Cat Losses Could Hit $225M, Driven by COVID-19 Claims
Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance ...
CoreLogic Meets With Investors Pursuing Unsolicited Acquisition Bid
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. ...
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Lloyd’s to Leave U.S. Admitted Market, Double Down on Reinsurance, E&S
Lloyd's announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market ...
W.R. Berkley Corp. Booked $85M in Q2 Pretax COVID-19-Related Catastrophe Losses
W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 ...