Industry News
The Latest Launches From Fidelis and AmTrust
Fidelis, Aon and Marsh are collaborating on a new approach to keeping the products of modern slavery out of the export supply chain. A division of AmTrust Financial Services launched a commercial ...
A Primer on London’s Former Role Insuring the Atlantic Slave Trade
London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism. This reappraisal was triggered by the death of George Floyd, a black man ...
Swiss Re Appoints Leger as Chief Underwriting Officer as Schmid Steps Down
Swiss Re announced the appointment of Thierry Léger as the group chief underwriting officer, effective Sept. 1, 2020. At the same time, the reinsurer announced it is restructuring its life ...
AGCS Gets Negative Outlook From S&P Over ‘Weak Underwriting Performance’
Allianz Global Corporate & Specialty faces an outlook downgrade from S&P Global Ratings. The ratings agency revised its outlook for AGCS to negative from stable, while at the same time ...
Insurers Worry About Legionnaires’ Risks as Buildings Reopen
Commercial insurers are scrutinizing building managers' efforts to avoid outbreaks of Legionnaires' disease as they re-open movie theaters, gyms, schools and offices that had been closed for months ...
Markel International Narrows Focus to Entertainment; COVID-19 Costs to Blame
Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its ...
AmTrust, Ex-CFO Will Pay $10.5M to Settle SEC Charges Of Improper Reporting
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material ...
California Compels Insurers to Reduce Workers Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers' compensation insurance, citing lower risk factors as ...