Industry News
AIG Promotes Two Execs in Communications/Government Affairs
American International Group made two promotions affecting its communications and government affairs functions. The insurer said that Lucy Fato would take on the newly-created position of Global Head ...
Zurich Insurance: COVID-19 Claims Won’t Make Huge Impact
Zurich Insurance Group does not expect property claims triggered by the COVID-19 pandemic to materially affect the group, Europe's fifth-largest insurer said on Thursday, adding that it planned to ...
Generali’s Profit Surpasses Expectations; Dividend Payout Delayed
Italy's top insurer Generali said on Thursday it would delay the payment of the second tranche of 2019 dividends to next year to comply with regulatory demands, after reporting nine-month operating ...
How Lloyd’s Underwriters Are Viewing U.S. Property Risks Today
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of increasing property insurance rates when the pandemic hit, ...
Life Insurance Next for Lemonade: Auto on the Horizon
Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report released late ...
Derez, Covéa Fined Over $20M for Misconduct in SCOR Takeover Bid
The Paris Commercial Court ruled against Covéa and Chief Executive Thierry Derez, fining Derez personally and Covéa as well for misconduct related to the Paris-based mutual insurer's 2018 takeover ...
COVID Challenges of Workforce Mgmt., Risk Aggregation Continue for P/C
Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and ...
Allianz, Other Institutional Investors Warn Firms to Cut Ties to Coal
Some of the world's largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions, including ...