International
Insurers Risk Significant Losses if Coronavirus Prompts Olympics Cancellation
Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates of the cost of insuring the sporting showpiece running into billions of ...
Executives On The Move at AIG, BHSI and Marsh
AIG hired a former Lloyd's executive to lead its International General Insurance unit. Berkshire Hathaway Specialty Insurance made two executive appointments in Spain. Marsh promoted an executive to ...
AXIS Co-Founder and Board Chairman Plans to Retire This Fall
AXIS Capital Holdings Limited said Board Chairman Michael Butt will retire from the company effective September 16, 2020. Butt, a co-founder of AXIS and member of the Insurance Hall of Fame, is a ...
Nationwide and Generali Join Forces to Offer Multinational Commercial Insurance Services
Nationwide is teaming up with Generali, through its P&C unit Generali Global Corporate & Commercial, on a new joint venture. N2G Worldwide Insurance Services LLC will exclusively promote, ...
Updated: Tractable Raises $25M to Expand Reach of AI Accident Recovery Tech
Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery, nailed down $25 million in new venture financing. The money infusion will be used to accelerate a push ...
A.M. Best Downgrades Argo’s Credit Ratings After a Disappointing Q4
Argo Group International Holdings, already reeling from a tough 2019 fourth quarter and year, now must deal with downgraded credit ratings from A.M. Best. The Bermuda-based specialty insurer and ...
Future-at-Lloyd’s Modernization Project Moves Forward
Since Lloyd's first announced the blueprint for its Future at Lloyd's project on Sept. 30, it has been busy working to get the ideas off the page and convert them into a set of actions that can be ...
Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...