Reinsurance
Derez, Covéa Fined Over $20M for Misconduct in SCOR Takeover Bid
The Paris Commercial Court ruled against Covéa and Chief Executive Thierry Derez, fining Derez personally and Covéa as well for misconduct related to the Paris-based mutual insurer's 2018 takeover ...
Buffett’s Berkshire Hathaway Reports Sizable Insurance Profit Drop, Driven by COVID-19 and Hurricanes
Warren Buffett's Berkshire Hathaway Inc reported lower quarterly operating results on Saturday and said the coronavirus pandemic may cause further damage, even as gains in stocks such as Apple Inc ...
AIG Q3 Net Income Experiences Large Drop; Catastrophe Losses Soar
American International Group saw its 2020 third quarter net income plunge by more than half compared to a year ago, a result that was shaped partly by higher natural catastrophe losses. Net income ...
Analysis: U.S. Businesses Face Climate Liability With Exit from Paris Agreement
The outcome of the U.S. general election is not yet clear. What's been obvious for months is that climate change was on the ballot, and the U.S. election matters for global climate action. And one ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
CoreLogic Discloses Strategic Review That Includes Possible Sale
Data and analytics firm CoreLogic disclosed that its board is conducting a strategic review of its operations, with a goal of "maximizing shareholder value." That's a nebulous term that can end up ...
Arch Capital Revises Watford Acquisition Agreement, With Backing From Ex-Rival Enstar
Arch Capital Group Ltd. and Watford Holdings Ltd. announced a revised definitive agreement under which Arch will acquire all of the common shares of Watford for $35.00 per share, in an all-cash offer ...
Executives On The Move at AXIS, Chubb and Kemper
AXIS hired four new underwriters for its U.S. Management Liability team. Chubb named a new chief underwriting officer for its International Accident & Health unit. Kemper Corp.'s board of ...