International
American Financal Group Will Cap Its Lloyd’s Departure by Selling Neon
American Financial Group has reached a deal to unload Lloyd's insurer Neon for an undisclosed price. RiverStone Holdings Lt. is the buyer in a transaction that will acquire from AFG GAI Holding ...
Ascot Group Hires Former Marsh, Nationwide Executives
Ascot Group, a Bermuda-based global specialty insurer and reinsurer – hired former executives from Marsh and Nationwide in leadership roles. Marsh veteran Andy Stirk is Ascot's new Chief Commercial ...
Executives On The Move at Munich Re and Guy Carpenter
A Munich Re subsidiary has a new chief executive officer. Guy Carpenter & Co. hired an executive to fill a leadership position involving property/casualty products and services in the ...
D&O Underwriting Losses Will Continue, Worsened by Pandemic Claims: Fitch Ratings
For insurers handling U.S. directors and officers liability, Fitch Ratings has bad news and good news, both relating to the coronavirus pandemic. First, the bad: Underwriting losses will likely ...
Carnival Cruise Pandemic Liability Likely Covered by ‘Death on the High Seas Act’
Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles ...
Bayer Resolves More Roundup Cases
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving ...
Lloyd’s CEO Neal Predicts Appeal Regarding UK Business Insurance Ruling
Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to ...
Top Shipping Insurance Group Won’t Cover Russia, Turkish Pipelines Over U.S. Sanctions Risk
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. ...