Specialty
Uncertainty Remains Whether UK Insurers Will Have to Cover Business Interruption Claims
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing ...
U.S. Insurers, Wary of COVID-19, Avoid Already Strained Senior Care Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers ...
Lloyd’s Starts Work With Three InsurTechs With Focus on COVID-19 Response
Lloyd's has started work with three InsurTech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd's has ...
QOMPLX Plans MGA Subsidiary Launch for Fall 2020
QOMPLX, the developer of an intelligent decision platform used in cybersecurity, insurance, and quantitative finance, is launching a U.S.-based MGA subsidiary. RubiQon Risk & Insurance ...
Executives On The Move at QBE North America and Safety National Re
QBE North America promoted a veteran executive to be Head of Professional Lines and Industry Verticals. At Safety National Re, its Chief Underwriting Officer for reinsurance has retired, and a rising ...
CoreLogic Rejects Unsolicited Bid, but Willing to Meet Bidders
CoreLogic's Board has unanimously rejected an unsolicited bid from an investment firm and hedge fund, calling it undervalued and not in the best interest of shareholders. The action is in response to ...
Argo Group Searches for New CFO, Updates Leadership Responsibilities
Argo Group International Holdings has started searching for a new chief financial officer and is updating responsibilities for its senior leadership team in a broader, related move. The Bermuda-based ...
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty insurer reported a whopping ...