International
ACORD’s Innovation Tools Experiencing Soaring Reinsurance Demand
ACORD, the standard setting body for the global insurance industry, is experiencing a massive jump in global reinsurance and other industry interest in its digital products and services, CEO Bill ...
Former AXIS Capital Exec Thomas to Become Hamilton Re’s Next CEO
Hamilton Re will turn to a veteran of AXIS Capital and AIG as its new chief executive officer. Megan Thomas is taking on the CEO slot, Hamilton Re parent Hamilton Insurance Group announced on Sept. ...
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...
European Insurers Urge Regulators to Avoid Banning Dividends Due to COVID-19
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The ...
Munich Re Saw COVID-19 Claims Slow Down in Q3
German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...
British Entertainment Industry Seeks Government Insurance Help
British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While ...
PartnerRe Rejoins Largely Unchanged Reinsurance Top 10: A.M. Best
The 10 largest global reinsurers of 2019 represent a paragon of stability, according to A.M. Best's new market segment report. That's largely because so little changed from the year before. Nine of ...