Reinsurance
New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting
Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin Rehnberg became interim CEO in November 2019. Three months later, ...
APCIA’s Sampson Doubles Down on Voluntary Industry Action to Combat COVID-19 Losses
The head of one of the U.S. property/casualty insurance industry's largest trade associations is doubling down on his opposition of attempts by federal and state governments to make business ...
Lloyd’s Confronts COVID-19 Claims in 14 Insurance Categories
Lloyd's insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market's 2019 results. Neal said ...
P/C Insurers Writing Event Cancellation Business Could Face Major Losses: A.M. Best
Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak ...
Lloyd’s of London Returns to Pretax Profit, Claims Readiness for Coronavirus Costs
Lloyd's of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the ...
Most P/C Insurers Will Weather Ongoing COVID-19 Storm: Standard & Poor’s
Most P/C insurers will be able to weather any financial market volatility and higher claims relating to COVID-19, S&P Global Ratings predicts in a new report, though it warns some carriers with ...
The World’s Weather Forecasts Are Weakened as Pandemic Idles Airplane Flights
The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in part on data collected from planes. That means a crucial ...
Lloyd’s, AIG, AXA Sued by Native American Casino Owner Over Coronavirus Losses
A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are ...