Specialty
Fitch Ratings Issues Negative Outlook for PartnerRe
PartnerRe now has a negative outlook from Fitch Ratings, largely over concerns about potentially expanding coronavirus-related reinsurance claims. Fitch's decision comes less than a week after French ...
The Latest Launches From Coalition and Zego/RSA
Coalition is expanding its small business cyber insurance offering to Canada-based companies. London-based InsurTech Zego has expanded its partnership with RSA Insurance to provide flexible cover for ...
U.S. Issues Advisory to Help Ship Owners, Insurers Avoid Sanctions Penalties
The Trump administration on Thursday issued guidelines to help ship owners and insurers avoid the risks of sanctions penalties, standards that maritime players and a senior State Department official ...
Most Commercial Insurance Rates Climbed Higher in April
Year over year, all lines of property/casualty insurance business experienced an increase in average premium renewal rate, except workers compensation, which saw a premium decrease, according to the ...
Lloyd’s COVID-19 Claims Payouts to Rival 9/11 Terror Attacks
Lloyd's of London revealed it will pay claims in the range of $3 billion to $4.3 billion as a result of the COVID-19 pandemic. This payout is on par with the Sept. 11 terrorist attacks, which cost ...
Multiple InsurTech Consolidation Pressures Are Underway: Brewer Lane’s Notaras
Before the coronavirus pandemic, observers were expecting InsurTech startups to begin a consolidation process as they matured and looked at long-term viability. In the COVID-19 era, mergers and ...
COVID-19 Fallout: Pressure Grows for Workers Comp Federal Backstop
An executive order by California Gov. Gavin Newsom last week is the most aggressive yet among the directives issued by 13 states that require workers compensation insurers to pay at least some ...
AXIS Hit With S&P Outlook Downgrade Over Underperformance Concerns
AXIS Capital Holdings' lower-than-expected 2020 first-quarter earnings has now led to a negative ratings outlook from Standard & Poor's. The S&P action, which downgraded from a stable ...