Reinsurance
Executives On The Move at The Hanover, Everest Re and Sayata Labs
A Zurich North America veteran joined The Hanover Insurance Group as vice president and general counsel. Everest Re Group Ltd. hired a Hiscox veteran as chief financial officer of Everest Insurance. ...
New InsurTech Venture Capital Financings Dropped by Half in Q1
Already, the coronavirus pandemic has taken a big bite out of InsurTech venture capital financings. Venture capital investments in the sector reached $760 million in the 2020 first quarter, about 50 ...
COVID-19 Might Spur a Social Inflation Spike: A.M. Best
COVID-19 could produce a big increase in social inflation, A.M. Best said in a newly issued commentary. The reason: expectations that businesses will sue their insurers in an attempt to access their ...
China Re Reportedly Explores Establishing U.S. Arm
China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set up a business entity in the United States, based on its global strategy and the implementation of Sino-U.S. ...
April Reinsurance Renewals Went ‘Smoothly’ Even as Underwriters Worked From Home
Reinsurers were able to complete the April renewals smoothly, despite being forced to move to the new working-from-home model after the COVID-19 outbreak, according to Willis Re. "The global ...
Munich Re Withdraws Profit Guidance, Pauses Share Buybacks Due to Coronavirus Strain
Munich Re said its property/casualty reinsurance segment is facing considerable strain due to the coronavirus pandemic, largely because of losses connected to widespread cancellation and postponement ...
P/C Insurance Industry Supports New Government Fund to Help Businesses, Workers Harmed by Coronavirus Crisis
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and ...
Executives On The Move at AGCS and Willis Re
Allianz Global Corporate & Specialty named its first-ever Chief Data Officer. A Willis Re executive is taking on a new job for the company in North America.