Specialty
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Shareholders Push Companies to Tackle Climate Change Shortfalls
In the past, shareholder votes on the environment were rare and easily brushed aside. Things could look different in the annual meeting season starting next month, when companies are set to face the ...
The Latest Launches From Chubb, Hippo and HSB
Chubb has launched a new cyber insurance brand. Hippo is partnering with ADT to offer access to smart home services. HSB has introduced new workplace violence coverage for small and midsize ...
Polluted Skies Over Texas: Emissions Soar as Freeze Shuts Refineries
The largest U.S. oil refiners released tons of air pollutants into the skies over Texas this past week, according to figures provided to the state, as refineries and petrochemical plants in the ...
QBE Full-Year 2020 Loss Is $1.5B; No Dividend
QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance group preannounced in late mid-December. The result represents ...
SPAC Entity Backed by AmTrust CEO Files for $300M IPO
A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on ...
Winter Storm Uri Will Produce ‘Billions of Dollars’ in Insured Losses: Moody’s
Snow, ice and some of the most frigid temperatures in decades in the southern United States will produce insured losses "in the billions of dollars," Moody's said in new commentary released on Feb. ...
U.S. E&S Insurers Win A.M. Best Outlook Upgrade Over Pandemic Resiliency
Resiliency from the U.S. excess & surplus lines market in the face of pandemic challenges has earned it an outlook upgrade from A.M. Best. A.M. Best revised its outlook for U.S. E&S to Stable ...