Industry News
Lloyd’s of London Returns to Pretax Profit, Claims Readiness for Coronavirus Costs
Lloyd's of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the ...
COVID-19: On Disrupted Loss Reserve Diagonals and Lengthening Tails
It's axiomatic to assert that the coronavirus has changed everything both personally and professionally. Going forward, it'll be our aim at Assured Research to strike a balance. No one, of course, ...
Marsh’s U.S. Cyber Market Saw Modest Growth in 2019
Cyber insurance take-up continued to increase in 2019, driven by growing recognition of cyber threats as a critical business risk, says a new report. Marsh's 2019 Cyber Insurance Purchasing Trends ...
Executives On The Move at Swiss Re, AmWINS and Guy Carpenter
Swiss Re is promoting one if its rising leaders to become its market executive for Western and Southern Europe starting later this year. A Beazley Group veteran is joining AmWINS Group to become ...
Most P/C Insurers Will Weather Ongoing COVID-19 Storm: Standard & Poor’s
Most P/C insurers will be able to weather any financial market volatility and higher claims relating to COVID-19, S&P Global Ratings predicts in a new report, though it warns some carriers with ...
Lloyd’s, AIG, AXA Sued by Native American Casino Owner Over Coronavirus Losses
A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are ...
Insurers Gain Reprieve With Olympics Delay Rather Than Cancellation
Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a ...
Insurers Know They’re Essential, and Coronavirus Business Shutdowns Prove It
Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses are allowed to keep operations going during the ...