Reinsurance
E&O Cyber Incidents Exploded in 2020: Aon
Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. There were on average three new E&O cyber ...
Executives On The Move at Zurich Insurance and Aon
Zurich Insurance promoted its chief underwriting officer to the role of CEO for its Commercial Insurance division. An Allied World veteran is joining Aon plc as Head of Casualty in its Reinsurance ...
First Anniversary of COVID-19 Shutdown Orders Could Spur New Wave of Lawsuits
The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption ...
Generali CEO Donnet: Insurers Can’t Handle Pandemic Risk on Their Own
Europe's insurance industry doesn't have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of ...
Alleghany Corp. CEO Hicks to Retire; Brandon Will Replace Him
Alleghany Corp. has triggered a changing of the guard, with a new CEO slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty ...
Reinsurers Will Seek More Rate Hikes After ‘Good’ January Renewals: S&P
Global property and casualty reinsurers saw "good" rate increases during the January 2021 renewals but they came up short of a hard market, dashing reinsurers' hope of a strong start for 2021, ...
Allianz, Munich Re Link With Google to Insure Its Cloud Users
Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its ...
Lloyd’s Will Re-Open London Underwriting Room, Offices on May 17
Lloyd's said it plans to re-open its London underwriting room and corporation offices on May 17. The specialist insurance and reinsurance market explained in its Feb. 26 announcement that the opening ...