Reinsurance
Lloyd’s Promises Amends for ‘Shameful’ Role in Atlantic Slave Trade
The Lloyd's of London insurance market has apologized for its "shameful" role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organizations promoting ...
Executives On The Move at The Hartford and AXA XL
A former Validus executive is the new head of wholesale property for Navigators, a unit of The Hartford. AXA XL announced two additions to its UK broker management team.
Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...
Trade Disruption Possible if Sailors Stranded by COVID Restrictions Refuse to Work
Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially ...
Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley
There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...
Amazon Starts Using AI for Warehouse Social Distancing Risk Reduction
Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new ...
U.S. Commercial Insurers Can Handle COVID-19 in the Short Term: Fitch Ratings
For U.S. commercial insurers, 2020 was once projected to be an improved, even booming year. Then COVID-19 happened, with the ongoing pandemic increasingly making heavy losses all but certain. Still, ...
Executives On The Move at Munich Re and BHSI
Two Munich Re subsidiaries recently made new executive appointments. Berkshire Hathaway Specialty Insurance an executive to be Senior Care Leader, Healthcare Professional Liability in the U.S.
Aspen Insurance Revamps Exec Team with 2 New CEOs, Non-Exec Director
Aspen Insurance Holdings Ltd. announced it has made some major changes to its management team, including the appointment of a non-executive director, two chief executive officers and a chief ...