International
Executives On the Move at Everest Re Group, BHSI and Zurich
Everest Re Group promoted a veteran executive to a newly created position within its Reinsurance division. Berkshire Hathaway Specialty Insurance added a risk control consultant to its property team ...
AIG President Zaffino on Surviving COVID-19: Ongoing Adaptation Is Key
If there's one thing that AIG's top leaders have tried to get across, it is this: COVID-19 is like nothing else the industry has faced, it will impact nearly every part of what insurers do in the ...
AXIS Gets an A.M. Best Ratings Downgrade; Q1 Losses Hit $185M
AXIS Capital Holdings Ltd. must deal with a ratings downgrade issued by A.M. Best over concerns about its financial performance. On May 5, A.M. Best downgraded the financial strength rating to "A" ...
CM Virtual Summit Preview: Future InsurTechs Might Rely More on Bootstrapping
While the coronavirus pandemic is widely expected to force a big drop in InsurTech venture capital investment, some experts suggest the industry will still see plenty of startups. This time, however, ...
COVID-19 Pushes AIG’s P/C Insurance Business Into the Red
After years of losses and just 12 months of underwriting income, American International Group's property/casualty business has lost money again. For that, COVID-19 is to blame. AIG said the P/C arm ...
Zurich North America and Tokio Marine Kiln Each Hire a Former Chubb Exec
Two former Chubb executives have joined Zurich North America and Tokio Marine Kiln, respectively, in leadership roles. Alexander Wells is Zurich North America's new U.S. head of middle market, ...
Insurers Struggle to Accurately Predict Upcoming Coronavirus Costs
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive ...
Worst-Case P/C Coronavirus Losses in Key Lines Could Hit $80B: Willis Towers Watson
Key property/casualty insurance lines could face COVID-19 insured losses reaching a combined $80 billion in a worst-case scenario modeled by Willis Towers Watson as part of a new report. U.S. and ...