International
Global Insurance Premiums Will Rebound in 2021 After Pandemic-Related Dip: Swiss Re Sigma
Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in ...
Lloyd’s to Leave U.S. Admitted Market, Double Down on Reinsurance, E&S
Lloyd's announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market ...
W.R. Berkley Corp. Booked $85M in Q2 Pretax COVID-19-Related Catastrophe Losses
W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 ...
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...
The UK’s Legal & General Wants Government to Lower Emissions From British Buildings
Legal & General called on Friday for the British government to introduce tighter building regulations to reduce carbon emissions in order to reach its net zero target by 2050. Britain said this ...
Insurers Develop Products for a World Where Virus Outbreaks Are New Normal
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof ...
Executives On The Move at Everest Insurance and Hiscox
Everest Insurance hired a new Head of Casualty Claims. Hiscox promoted an executive to Group Chief Marketing Officer. *** Everest Insurance hired Louis Manger as Head of Casualty Claims. In this role ...
Uncertainty Remains Whether UK Insurers Will Have to Cover Business Interruption Claims
The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England said, as a court prepares to rule on whether existing ...