International
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...
Insurers Suspending Dividends Shouldn’t Worry About Their Credit Quality: S&P
Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won't have to worry about their credit quality, S&P Global ...
InsurTech Firm Wefox, Other German Startups Seek European Approach to Corona Tracing App
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on ...
Sompo International Leaving Lloyd’s; Consolidating to London Company Market Platform
Sompo International Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced that as part of the ongoing transformation of Sompo International, the ...
Pandemic Bonds Get Stay of Execution but Their Future Remains Uncertain
A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor countries in a pandemic, was just a stay of execution if bond markets are to be ...
Executives On The Move at Beazley and Willis Towers Watson
Beazley appointed a new global head of cyber & executive risk, effective July 2020. Willis Towers Watson hired a new senior director in its Climate and Resilience Hub. *** Specialist insurer ...
AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool
AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the weeks ahead. The company said its product, formally named the Verisk ...
QBE Plans $825M Capital Raise to Help Weather COVID-19 Uncertainty
QBE Insurance is planning to raise about $825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately ...