Specialty
Former AXIS Capital Exec Thomas to Become Hamilton Re’s Next CEO
Hamilton Re will turn to a veteran of AXIS Capital and AIG as its new chief executive officer. Megan Thomas is taking on the CEO slot, Hamilton Re parent Hamilton Insurance Group announced on Sept. ...
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best. "Uncertainty about the plethora ...
Wary Credit Insurers Pull Back, Leaving Suppliers and Retailers in a Bind
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can't ship to stores. The reason? The 66-year-old family-owned sock maker can't get ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...
British Entertainment Industry Seeks Government Insurance Help
British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While ...
U.S. Insurers Slammed by Natural Disasters Catch Partial Break on Pandemic
As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many ...
InsurTech NY Is Sponsoring Virtual Industry Job Fair on Oct. 29
InsurTech NY will be holding what it is billing as the first dedicated virtual job fair and networking event for InsurTech startups and the insurance industry. Scheduled for Oct. 29, 2020, the event ...