Industry News
Allstate Could See $1.2B in Q2 Pretax Catastrophe Losses
Allstate Corporation could see pretax catastrophe losses as high as $1.19 billion for second-quarter 2020 ($937 after tax), the company announced yesterday. For the month of June, Allstate is ...
Executives On The Move at Assurant, Liberty Mutual and Guy Carpenter
Assurant made some new executive appointments as part of some organizational changes. Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, named a new head of Casualty in Germany. ...
Rather Than Gamble, ITC Shifts From Vegas to the Digital World
A surge in COVID-19 cases is forcing InsureTech Connect – one of the world's largest insurance technology conferences – to go fully digital for its annual fall gathering. ITC has scheduled ITC ...
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 ...