Industry News
Executives On The Move at AXIS and AGCS
AXIS Insurance hired three new lead underwriters within its U.S. Cyber and Technology team. Allianz Global Corporate & Specialty (AGCS) appointed a former Generali executive as the new regional ...
More Work-From-Home Injury Claims Possible After N.Y. Appellate Ruling
A ruling by a New York appellate court could bring more workers compensation claims by work-from-home employees by removing strict compensability standards established last year by the state Workers' ...
Bayer Risks Resumption of U.S. Roundup Suits After Failing to Settle Cases
Bayer AG failed to settle outstanding U.S. Roundup lawsuits by Monday, the deadline set by a judge who has said he'll resume federal trials over claims the weedkiller caused consumers' cancer. Ahead ...
Battle Over UK Business Interruption COVID-19 Test Case Continues Nov. 16
The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the ...
CNA Turns a Q3 Profit; P/C Combined Ratio Surpasses 100
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net ...
Argo Group Streamlining Continues: Two Private Equity Investors Will Buy Ariel Re
Argo Group International Holdings plans to sell Ariel Re to two private equity investors. Pelican Ventures and J.C. Flowers & Companies are the buyers, and the transaction is expected to close in ...
AIG’s Decision to Separate L&R Biz Risks Possible Ratings Downgrades
American International Group's plan to downsize by divesting its Life & Retirement business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance ...
Reinsurers’ Investment Strategies Help Them Tolerate COVID-19 Impact: S&P
A decade of low interest rates and tough underwriting conditions has led reinsurers to cautiously invest in riskier and more illiquid assets to generate additional return. The good news is that this ...