Industry News
Tokio Marine Says Greensill Obtained Policies Fraudulently
Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would ...
Goldman Poll Finds Insurers Expect a U.S. Recession
Insurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 ...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their ...
Randall & Quilter Agrees to Acquisition by R&Q Shareholder Brickell for £482M
Randall & Quilter Investment Holdings Ltd. (R&Q), the Bermuda-based program management and legacy acquisition specialist, announced it has agreed to be purchased by shareholder Brickell PC ...
Inflation A ‘Major and Growing Concern’ for Reinsurers
With buyers' needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly, according to a broker report, which points to inflation ...
Analysis: Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions
Insurers face potential multibillion-dollar claims for cyber attacks related to Russia's invasion of Ukraine, despite policy wording designed to get them off the hook for war, industry sources say. ...
Zurich Insurance Accelerates Operational Net-Zero Target to 2030 Instead of 2050
Zurich Insurance Group announced it is bringing forward by 20 years its target to achieve net-zero emissions in its operations. It now aims to reach the goal by 2030, after implementing plans ...
Tech Bytes: New Partnerships at Pathpoint, Keller Williams, Ascend
Pathpoint, a technology provider that aims to streamline placing small commercial E&S accounts, announced a partnership with Bold Penguin to deliver access to Pathpoint's technology for ...