International
Insurers Accused by Olympics, USPOC of Holding up Nassar Sexual Abuse Settlement Talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with ...
The Latest Launches From Sompo International and Nexus
Sompo International Holdings Ltd. launched a new Directors and Officers Liability insurance policy form for publicly traded companies. Nexus, an independent specialty managing general agent, has ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
Executives On The Move at Swiss Re and Chubb
Swiss Re Corporate Solutions made three key leadership appointments in its Financial & Professional Services (FinPro) underwriting team. Chubb promoted an executive to the role of Executive Vice ...
Hired Hacker Group Runs Rampant in Middle East
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry ...