Specialty
Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...
D&O Coverage Challenges Are Increasing: A.M. Best
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
The Latest Launches From Lloyd’s, Sompo International and Beazley
Lloyd's now offers an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. Sompo International Holdings Ltd. said one of its U.S. units partnered ...
Global Insurers, Reinsurers Face Coronavirus Outbreak Exposures: Moody’s
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial ...
Markel Combines Two Divisions to Create Enhanced Specialty Unit
Markel is combining its Markel Specialty and Markel Assurance divisions into one division called Markel Specialty, which launches on April 1. The new division will preserve the company's current ...
Insurers Risk Significant Losses if Coronavirus Prompts Olympics Cancellation
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of ...
Executives On The Move at AIG, BHSI and Marsh
AIG hired a former Lloyd's executive to lead its International General Insurance unit. Berkshire Hathaway Specialty Insurance made two executive appointments in Spain. Marsh promoted an executive to ...
Anthemis Raises $90M Venture Capital Fund for InsurTech Investments
Financial services venture capital firm Anthemis has raised $90 million for a new fund that will invest in fast-growing insurance technology startups, the company said on Thursday. Investors in the ...