International
Diversity Officer With Starbucks, NBA Experience Joins Marsh & McLennan
Global insurance and professional services firm Marsh & McLennan Cos. announced that Nzinga Shaw will join the company as chief Inclusion & Diversity officer effective February 16. Shaw most ...
Investors See Dollar Signs in Denied COVID-19 Insurance Claims
A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for ...
Zurich Insurance’s Capital Target Disappoints; Full-Year Profit Beats Expectations
Zurich Insurance's new capital target disappointed market expectations on Thursday, even as claims related to the COVID-19 pandemic and higher losses from natural catastrophes bit less than expected ...
Irish Central Bank Pledges to Act Against Insurers Who Don’t Pay COVID-19 Claims
Ireland's central bank governor told insurers to urgently honor and pay valid claims related to COVID-19 disruption, following a successful test case in court last week, or risk facing legal action ...
The Latest Launches From QBE North America and Zego
QBE North America has new custom property coverage targeted to mid-sized companies. Mobility insurance provider Zego is partnering with a company to help expand its fleet offering of e-mopeds, ...
Travel Business Dip, Catastrophes Leave Arch Capital With Insurance Underwriting Loss
Arch Capital Group reported a huge jump in fourth quarter net income, thanks in part to rate hikes and new business. But the Bermuda-based carrier's insurance business experienced an underwriting ...
Facebook Confronted With New UK Class Action Over Data Harvesting Scandal
Facebook is facing a second London High Court class action over allegations it failed to protect the personal details of about one million people in England and Wales, in the latest lawsuit to spring ...
No Post-Brexit Big Capital Reduction Requirements for UK Insurers: Bank of England
The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding that more capital could be "part of the answer" to meeting a 1.7 billion ...