Industry News
Arch Capital Reportedly Leading $500M Bid for Reinsurer Watford Holdings
A consortium led by insurer Arch Capital Group Ltd has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd , people familiar with the matter said on Tuesday. The ...
Chubb Debuts Global Platform Designed to Simplify Distribution Through Partners’ Digital Channels
Chubb is debuting a global platform designed to simplify and streamline the distribution of its insurance products through partners' digital channels globally. The company refers to the offerings as ...
Former AXIS Capital Exec Thomas to Become Hamilton Re’s Next CEO
Hamilton Re will turn to a veteran of AXIS Capital and AIG as its new chief executive officer. Megan Thomas is taking on the CEO slot, Hamilton Re parent Hamilton Insurance Group announced on Sept. ...
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best. "Uncertainty about the plethora ...
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...
Wary Credit Insurers Pull Back, Leaving Suppliers and Retailers in a Bind
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can't ship to stores. The reason? The 66-year-old family-owned sock maker can't get ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...