Reinsurance
Executives On The Move at Chubb and Liberty Mutual
Chubb appointed a new chief underwriting officer to lead an arm of its North America retail commercial property and casualty insurance. Liberty Mutual Insurance named a chief underwriting officer for ...
COVID-19 Will Make Reinsurers Lose More Money in 2020: S&P
Reinsurers globally will lose money in 2020, a reality Standard & Poor's said COVID-19-related losses stand to make worse. What's more, the level of red ink could worsen substantially depending ...
A.M. Best Says Stress Tests Show Most Insurers Can Handle Balance Sheet Pandemic Hit
Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary impact from the COVID-19 pandemic on their financial strength found good ...
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 ...