Specialty
Insurers Propose Their Own Plan for PG&E Bankruptcy Reorganization
Insurance companies contending that Pacific Gas & Electric owes them more than $20 billion from wildfire claims want to take over the California utility and pull it out of bankruptcy. The ...
Increasing Fears of No-Deal Brexit Lead to Pound Tumble
The pound and gilt yields slid to multi-year lows as U.K. Prime Minister Boris Johnson stepped up preparations for a no-deal Brexit with just about three months left until the nation exits the ...
AIG’s Waldner Named as Insurer’s First-Ever Chief Sustainability Officer
A veteran American International Group executive has been named its first-ever Chief Sustainability Officer. In this role, Jennifer Waldner will be tasked with leading the development and ...
Argo Group Warns Q2 Earnings Will Take a Hit
Argo Group International Holdings Ltd. is warning that its results for its 2019 second quarter will take a hit due to losses affecting operations in London, Europe and Bermuda. Issues at play ...
Markel Puts CATCo into Run-Off, Launches New Retrocessional ILS Platform
Markel Corp. announced it is putting its Bermuda insurance linked securities unit Markel CATCo into run-off and also launching a new retrocessional ILS fund platform that will be ready to write ...
Executives See the Pace of Change as a Significant Emerging Risk: Gartner
Executive in multiple industries are anxious about keeping up with change, even as they struggle to take significant action to address this concern. In fact, they rank keeping up with the pace of ...
The Latest Launches From CSAA Insurance Group and Aon
CSAA Insurance Group is partnering with an analytics startup in order to improve its home inspections and boost the quality of its underwriting. Aon said it has partnered with an InsurTech digital ...
California Utility Expects to Make $4.8B Initial Contribution to Wildfire Fund
Power producer PG&E Corp said on Thursday its initial contribution to California's wildfire fund would be about $4.8 billion, and annual contribution about $193 million. The company said ...