Specialty
Allianz Solvency Ratio Dealt Disruption From COV-19 Crisis Costs
German insurer Allianz said on Tuesday that a key measure of capital may fall below the company's target floor level as it faces claims for disruption caused by the coronavirus crisis. Allianz, which ...
AIG Shareholders to Vote on Executive Pay Proposals
American International Group Inc faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay. ...
Zurich’s Gerber, a Forward-Looking Former CEO, Has Died
Fritz Gerber, a legendary former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10, 2020, according to the company, which did not disclose further details. "Fritz ...
NICB Makes Homeland Security Vet Glawe Its New CEO
A veteran leader at the U.S. Department of Homeland Security and former FBI officer is joining the National Insurance Crime Bureau as its new president and CEO. NICB hired David Glawe to lead the ...
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
EU Regulator Urges National Governments to Provide Insurance for Future Lockdowns
National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage ...
Executives On The Move at Zurich and Berkshire Hathaway Specialty Insurance
Zurich Insurance made two executive appointments. Berkshire Hathaway Specialty Insurance said it has expanded its Global Property Underwriting Officer team.
Carriers Lost Billions of Dollars in April From U.S. Extreme Weather Events: Aon
Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon's Global Catastrophe Recap report. There were 14 killer ...