Reinsurance
PartnerRe Beefs Up Third-Party Capital Prominence, Hires Hughes to Lead Effort
A Hiscox veteran plans to join PartnerRe as the first-ever CEO of Third-Party Capital, and the unit will become a key component of the reinsurer's overall business strategy, the company said. Andrew ...
W.R. Berkley Q3: Strong Rate Hikes, Lower Net Income, Solid Combined Ratio
W.R. Berkley Corp.'s 2020 third-quarter financial results landed on the strong side despite a dip in net income and more COVID-19 losses, a result the company credits to rate hikes and underwriting ...
Business Interruption Cyber Risks Demand More Insurer Attention: ITC Global Discussion
Business interruption cyber risks demand more attention from insurers as globalization continues to worsen their impact, a panel of experts argued recently. BI coverage has drawn heightened attention ...
To Merge or Not to Merge: InsurTechs Must Increasingly Ask This Question
The drumbeat for InsurTechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. ...
Six Insurers Drop UK Court Appeal Over COVID-19 Payout Ruling on Three Policies
Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to ...
A Majority of Risk Managers Now Buy Cyber Insurance: Survey
Approximately 78 percent of risk managers now purchase some level of cyber insurance, up from 34 percent in 2011, according to the tenth year of the Zurich North America and Advisen Cyber Survey. Of ...
Swiss Re CEO Mumenthaler: InsurTech ‘Disruption’ Overhyped, China Ahead of the Pack
InsurTechs used to launch insisting they were insurance industry disruptors bringing new ways to bypass traditional players in bringing coverage to consumers. In reality, Swiss Re Group CEO Christian ...
Munich Re Reports Over $900M 3Q COVID Losses; Expects Harder Market
Ahead of a scheduled Nov. 5 quarterly earnings report, Munich Re announced that its COVID-19 losses for the third quarter total €800 million (roughly $940 million) and that non-COVID large losses ...