International
For RSA, Pandemic Exclusions Are Limiting Lockdown Impact
England's second national lockdown is unlikely to have much impact on insurer RSA as many policies now have pandemic-related exclusions, its CEO said on Thursday as it reported a rise in underwriting ...
Q3 Global Commercial Insurance Pricing Rockets 20 Percent Higher: Marsh
Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes in three key lines, according to a new Marsh market update. Marsh ...
Lloyd’s Abandons Plan for Proprietary Electronic Exchanges in Favor of Outside Vendors
Lloyd's of London has dropped ambitious plans to set up its own electronic exchanges and will work with other existing platforms to speed up the underwriting process and cut costs, the commercial ...
Executives On The Move at AXIS and AGCS
AXIS Insurance hired three new lead underwriters within its U.S. Cyber and Technology team. Allianz Global Corporate & Specialty (AGCS) appointed a former Generali executive as the new regional ...
Bayer Risks Resumption of U.S. Roundup Suits After Failing to Settle Cases
Bayer AG failed to settle outstanding U.S. Roundup lawsuits by Monday, the deadline set by a judge who has said he'll resume federal trials over claims the weedkiller caused consumers' cancer. Ahead ...
China Halts Ant Group’s $37B IPO Listing
China suspended Ant Group's $37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by ...
Executives On The Move at AXIS, Chubb and Kemper
AXIS hired four new underwriters for its U.S. Management Liability team. Chubb named a new chief underwriting officer for its International Accident & Health unit. Kemper Corp.'s board of ...
Battle Over UK Business Interruption COVID-19 Test Case Continues Nov. 16
The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the ...