Reinsurance

From Free Coverage to Masks, P/C Insurers Try to Alleviate Coronavirus Pressures

While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual ...

Lloyd’s Underwriters Say Hello to Working at Home

Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus ...

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 ...