Reinsurance
UK Government Forms $12.5 Billion Reinsurance Backstop for Trade Credit Insurers
The UK government has created a £10 billion (US$12.5 billion) reinsurance scheme designed to help businesses during the COVID-19 pandemic by guaranteeing transactions insured by trade credit ...
Global Warming Increasing Frequency of 100-Year Rainstorms: Risk Alerts
Global warming is intensifying rainstorms in North America. Rats are becoming more aggressive in their hunt for food due to pandemic lockdown measures.***
If the ...
Argo Settles SEC Investigation Into Executive Pay Practices
Argo Group will pay $900,000 to settle a U.S. Securities and Exchange Commission investigation into executive perks paid to former CEO Mark Watson III that raised the ire of an activist shareholder. ...
Proposed Pandemic Re Corp. Would Treat Small, Large Biz Interruptions Differently
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions, the leader of a reinsurance association said on June 2. The ...
P/C CEOs and Their Companies Pledge a Renewed Fight for Social Equality
Property/casualty insurers and their CEOs are pledging to help their communities and employees find a meaningful way forward after the Memorial Day death of George Floyd in Minneapolis that sparked ...
A Possible No-Deal Brexit Places the UK’s Fragile Coronavirus Recovery at Risk
The threat of a no-deal Brexit is back — and with it the risk that the UK economy's shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into ...
Executives On The Move at AGCS, AXIS Re and QBE North America
Allianz Global Corporate & Specialty hired a new Head of Cyber in North America. AXIS Re made a promotion. QBE North America promoted an executive to be Senior Vice President, Broker Management ...
‘Catastrophe’-Level Insured Losses From Riots Could Rival Record
Rioting that erupted in cities across the United States after the Memorial Day death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder in ...