Reinsurance
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 ...
Cities Find Greener Approaches To Tackle Storm Floods
For more than a century, New Orleans has depended on canals and pumps to get rid of stormwater in a city where about half the land is below sea level. Now the bustling Mississippi River port that ...
Hurricanes and Coronavirus ‘Not a Good Mix,’ KCC Warns
"Hurricanes and COVID-19 are not a good mix," says catastrophe modeling firm Karen Clark & Co. in a new Event Brief, warning that the pandemic will make what forecasters already predict to be an ...
Reinsurers Won’t Earn Cost of Capital; More Rate Hikes: Fitch
The global reinsurance sector will fail to earn its cost of capital in 2020 amid the coronavirus crisis, which will help maintain reinsurance price increases during the year ahead, said Fitch ...
SCOR CEO Takes 30% Bonus Cut; 2019 Dividend Scrapped on COVID-19 Crisis
French reinsurer SCOR announced that its Chairman & CEO Denis Kessler will receive 30 percent less in his annual variable compensation for 2019, which is equal to €325,260 (US$354,333). In ...
Join the Coronavirus Survey for the Entire Property/Casualty Insurance Industry
How is the coronavirus pandemic affecting you, your life, your work and your industry—now and going forward? No matter where you work in the P/C insurance industry, your experience is important. ...
Activist Shareholder to Watford: Sell Yourself or Go Into Runoff
Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the reinsurer to sell itself or be put into runoff. In a letter to Watford's board of directors, the ...