Reinsurance
U.S. Employers Veer Away From Coronavirus ‘Immunity Tests’ as They Prepare to Reopen
U.S. employers have cooled to the idea of testing workers for possible immunity to the coronavirus as they prepare to reopen factories and other workplaces. Blood tests that check for antibodies to ...
For Third Point Re, COVID-19 Hurts, but Underwriting Profit Reached for First Time
Third Point Re reported a net loss of $183.6 million for the first quarter of 2020 due to COVID-19-related investment volatility – but the company still had big reasons to celebrate. For the first ...
Envelop Risk, a Cyber Underwriting Firm, Raises $6 Million in VC Financing
Envelop Risk raised $6 million in new venture financing, money that will help fuel expansion for the UK-based cyber underwriting and risk analytics startup. AI-specialist investor Alpha Intelligence ...
Federal Lawmakers Propose Heroes Compensation Act For Essential Worker Comp
A bipartisan group of federal lawmakers unveiled a plan on Thursday to compensate essential workers who fall sick of die from COVID-19, modeling the Pandemic Heroes Compensation Act after the ...
AIG Shareholders Back Executive Pay Package Changes
Shareholders of American International Group Inc strengthened their support for the U.S. insurance company's executive compensation plan after the board made changes to its pay packages, according to ...
Fitch Ratings Issues Negative Outlook for PartnerRe
PartnerRe now has a negative outlook from Fitch Ratings, largely over concerns about potentially expanding coronavirus-related reinsurance claims. Fitch's decision comes less than a week after French ...
U.S. Issues Advisory to Help Ship Owners, Insurers Avoid Sanctions Penalties
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official ...
Most Commercial Insurance Rates Climbed Higher in April
Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers compensation, which saw a premium decrease, according to the ...