Reinsurance
Argo Group Experiences Both International and U.S. COVID-19 Losses
Argo Group International Holdings expects pretax net catastrophe losses of $29 million during the 2020 first quarter, the bulk of which stems from costs relating to the COVID-19 pandemic. The ...
Coronavirus-Related Event Cancellations Shift Swiss Re’s Q1 to a Loss
Reinsurer Swiss Re swung into a net loss in the first quarter of 2020 as the impact of the coronavirus outbreak began to bite, it said on Thursday. The Zurich-based company booked a hit of $476 ...
Several Insurance Commissioners Wary of Business Interruption COVID-19 Claims
Insurance commissioners in at least seven states have advised business owners not to get their hopes up if pursuing business interruption claims. Scott Seaman, a partner with the Hinshaw & ...
U.S. Insurance Industry Pushes for Government-Backed Business Pandemic Coverage
The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar ...
The Latest Launches From AXA XL and W.R. Berkley Corp.
AXA XL Risk Consulting launched a new risk assessment service designed to continue evaluating loss prevention across business lines during COVID-19 restrictions. W.R. Berkley Corp.'s Berkley Program ...
AXIS Coronavirus Loss Estimates Based on Quarantines Lasting Until July 31
AXIS Capital President and CEO Albert Benchimol said that most of the company's insurance policies don't cover coronavirus pandemic-related claims. There are some that do, however, and those costs ...
Everest Insurance CEO Zaffino Departs to Join Ascot Group in Leadership Role
A major Everest Re Group executive has jumped ship for a leadership role at Ascot Group, a Bermuda-based specialty insurer and reinsurer. Jonathan Zaffino, president and CEO of Everest Re Group's ...
Berkshire Hathaway’s Annual Meeting to Feature Buffett and Abel; Munger Won’t Attend
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. ...