International
Italy’s Generali Asserts Ability to Remain Independent, Even With COVID-19 Uncertainties
Italy's top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid, thanks to a "solid" group of core domestic shareholders and a strong ...
UK Insurers Must Pay More Coronavirus Claims: Parliamentary Committee
Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. "We are concerned that the ...
Reinsurance Rendez-Vous 2020 Canceled Due to Coronavirus Pandemic
The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic. For 63 years, the RVS ...
Everest Re Expects $150M in Q1 Pretax Losses From Coronavirus-Related Claims
Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come ...
Executives On The Move at Everest Insurance and AXIS
Everest Insurance made changes to its Commercial Casualty leadership team. AXIS Insurance appointed its first head of Strategy and Innovation for the company's Global Cyber and Technology unit, ...
China’s Ping An Insurance Sees Massive Profit Drop
Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus outbreak ...
White House Explores Liability Protections for Businesses Facing Coronavirus Claims
Donald Trump's top economic adviser said the administration will look at limiting liability for businesses over the spread of the coronavirus. "I think liability reforms and safeguards are going to ...
Chubb CEO Greenberg: Degree of Future COVID-19 Revenue Impact Is ‘Simply Unknowable’
Chubb Chairman and CEO Evan Greenberg insists the global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges ...