International

QBE Withdraws 2020 Financial Targets Over COVID-19 Uncertainty

QBE, in a potential harbinger of things to come from other carriers, has withdrawn its 2020 financial targets due to COVID-19 uncertainty. "In light of the unprecedented COVID-19 pandemic and ...

From Free Coverage to Masks, P/C Insurers Try to Alleviate Coronavirus Pressures

While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that it says most policies were never intended to cover, some individual ...

Lloyd’s Underwriters Say Hello to Working at Home

Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus ...

New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting

Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin Rehnberg became interim CEO in November 2019. Three months later, ...

APCIA’s Sampson Doubles Down on Voluntary Industry Action to Combat COVID-19 Losses

The head of one of the U.S. property/casualty insurance industry's largest trade associations is doubling down on his opposition of attempts by federal and state governments to make business ...

Apple’s China Factories Restart, Even as iPhone Demand Is in Question

As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for ...

Insurers Expect Coronavirus Claims Will Strike ‘Event Driven’ D&O Line

What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...

Lloyd’s Confronts COVID-19 Claims in 14 Insurance Categories

Lloyd's insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market's 2019 results. Neal said ...