Reinsurance
Coronavirus Fallout Leads to A.M. Best Outlook Downgrade for U.S. Commercial Insurers
U.S. commercial lines insurers must now carry an outlook downgrade from A.M. Best due to fallout from the coronavirus pandemic. The decision by A.M. Best to revise its outlook for the segment to ...
Allianz Warns Facilities Shut Down During Pandemic Pose New Risks
Many companies are having to shut down their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), ...
With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...
Grounded Airplanes Carry Insured Value of More Than $160B: Report
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes ...
InsureTech Connect’s CEO Has Added Coronavirus Contingencies Into 2020 Fall Conference Planning
For now, the InsureTech Connect website offers this reassuring statement: "ITC Is on Track for Sept. 21-23-2020." But with the coronavirus pandemic spreading aggressively around the world, ITC CEO ...
Greenlight Re Decides Not to Sell Itself After All
Greenlight Capital Re, Ltd., the Cayman Islands-headquartered reinsurer, announced it has decided to continue with its existing business plan after completing a strategic review of transaction ...
Markel, Citing Coronavirus Concerns, Moves Its 2020 Annual Meeting to the Internet
Markel Corporation will be holding its 2020 annual meeting virtually, with only company officers and other personnel in physical attendance at the session. The specialty insurer said it made the ...
Lloyd’s Placed on Rating Watch Negative by Fitch Due to COVID-19 Uncertainty
Fitch Ratings has placed Lloyd's of London's 'AA-' Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd's earnings and underwriting ...