Industry News
Ransomware Attacks Soar and Grow More Malicious: Coalition
Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, ...
Executives On The Move at Guy Carpenter, AIG and Chubb
Guy Carpenter appointed a Marsh veteran to the newly created role of president. AIG announced the appointment of a new CEO for Talbot Underwriting Ltd. Chubb named a new regional president for its ...
Some Fear California’s Latest Wildfires Could Spark a Financial Crisis
Wildfires across the U.S. West are among the sparks from climate change that could ignite a U.S. financial crisis by damaging home values, state tourism and local government budgets, an advisory ...
Greenlight Re Triggers ‘Refresh’ of Operations With Executive Changes
Greenlight Capital Re made some major executive changes in what the company is dubbing a "refresh" of its operations. The Cayman Islands-based specialist property and casualty reinsurance company ...
Lloyd’s Records $520M H1 Loss Stemming From COVID-19 Claims
Lloyd's of London recorded a pretax loss of 400 million pounds ($520.08 million) in the first half, battered by the coronavirus pandemic, the commercial insurance market said on Thursday. Insurers ...
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand
ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other industry interest in its digital products and services, CEO Bill ...
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 ...