Reinsurance
‘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 ...
Public-Private Pandemic Risk Financing Plan Advances in UK
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of working groups to take the idea from the drawing ...
Sompo International Forms New Unit Focused on Tech Industry
Sompo International Holdings Ltd. established a new unit focused on the technology industry. The Bermuda-based property/casualty specialty insurer and reinsurer said the unit will work through a ...
The Latest Launches From Trov and Brit Ltd.
The InsurTech Trov will partner with a Brazilian carrier to help introduce on-demand insurance applications to its customers. Brit Ltd. has launched a private client offering. *** Trov, a developer ...
Executives On The Move at Liberty Mutual, BHSI and AXIS Capital Holdings
A former executive with The Hartford is joining Liberty Mutual in a leadership role. Berkshire Hathaway Specialty Insurance appointed a new executive to lead its Medical Stop Loss business. AXIS ...
Hurricane Season Could Create More Stress for Pandemic-Hit Insurers
The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already battered by the impact of the coronavirus pandemic on their ...
Hiscox, RSA, Other Carriers Will Join UK Pandemic Cover Test Case
Insurers including Hiscox , RSA and QBE will take part in a UK test case to decide whether their policies should pay out millions of pounds to companies hit by the coronavirus pandemic, the industry ...
Swiss Re Corp Solutions Launches Parametric HAIL Cover
Swiss Re Corporate Solutions announced the launch of a parametric hail insurance cover last week. Known as HAIL, the new product is designed to protect companies in the United States from the ...