Industry News
Report: Swiss Re CEO Says Country’s Insurers Oppose Tightening Immigration Rules
Switzerland's insurance industry is against tightening the country's immigration rules, a move that will be put to voters this year, Swiss Re Chief Executive Christian Mumenthaler told Handelszeitung ...
Lemonade Now Offers Health Coverage for Cats and Dogs
Lemonade has expanded its offerings, launching a new pet health insurance product designed exclusively for cats and dogs. The New York-based InsurTech, which also offers homeowners and renters in the ...
Americans Ignore Work-From-Home Cyber Attack Risks: Chubb Survey
A large number of Americans working from home due to the coronavirus pandemic aren't worried about cyber attacks even though they're at greater risk compared to working in the office, Chubb found in ...
Reinsurance Capital Dips; Capacity Available: Aon
Global reinsurance capital fell 6 percent to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance Market Outlook report this week The report, which also looks at ...
Arch Capital Pretax Cat Losses Could Hit $225M, Driven by COVID-19 Claims
Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance ...
CoreLogic Meets With Investors Pursuing Unsolicited Acquisition Bid
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. ...
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...