Reinsurance
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 ...
Lloyd’s COVID-19 Claims Payouts to Rival 9/11 Terror Attacks
Lloyd's of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on par with the Sept. 11 terrorist attacks, which cost ...
AXIS Hit With S&P Outlook Downgrade Over Underperformance Concerns
AXIS Capital Holdings' lower-than-expected 2020 first-quarter earnings has now led to a negative ratings outlook from Standard & Poor's. The S&P action, which downgraded from a stable ...
6-Feet Social Distancing Workplaces Are Increasingly Likely
One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues' coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, ...
Zurich, Chubb Boost Cover for Controversial Trans Mountain Oil Pipeline
Major insurers Zurich, Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of ...
UK Insurer Brit, Google Team on First Fully Digital Lloyd’s Syndicate
Brit Ltd. and Google Cloud are partnering on the launch of Ki—what is being billed as the first fully digital and algorithmically driven Lloyd's syndicate. Debuting in 2021, Ki will be a ...
Left at the Altar: Covea Abandons $9B Purchase of Exor’s PartnerRe
French insurer Covea has walked away from its planned $9 billion purchase of PartnerRe, the Bermuda-based reinsurer owned by Exor, the holding firm of Italy's Agnelli family, saying it could no ...
Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...