News
A Post-Merger SiriusPoint Makes Its Debut
SiriusPoint Ltd., a Bermuda-based international specialty insurance and reinsurance company, has formally launched, the creation of a merger between two specialty companies. Specialty reinsurer Third ...
Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims
Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...
American Family Makes $105M Commitment to Help Close Equity Gaps
American Family Insurance announced it is making a $105 million commitment over the next five years to help close equity gaps and create an environment where everyone can thrive—regardless of race, ...
Executives On The Move at Zurich North America, BHSI and AXIS Capital Holdings
Zurich North America hired a former Aviva executive to take on a leadership role in Canada for its Group Risk Management team. Berkshire Hathaway Specialty Insurance named a new senior vice president ...
Enstar Group Providing $2B+ Adverse Development Cover To AXA XL
Enstar Group Ltd. announced that one of its wholly owned subsidiaries has signed an agreement to provide adverse development cover to AXA XL, a division of AXA. In the transaction, Enstar's ...
Munich Re’s 2020 Profit Plunges 55%, Spurred by COVID Claims
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55 percent decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer's Q4 2020 ...
Aviva Reportedly Extends Bid Deadline for Polish Operations Over Santander Contract
Aviva has pushed back the deadline for final offers for its Polish operations to late March as the British insurer is still haggling with Spanish lender Santander over the renewal of a key ...
Latest Launches From Verisk, CSAA, American Modern
Verisk is offering a new usage-based program for auto insurers. CSAA Insurance Group has started a new network that highlights environmental sustainability. American Modern has launched an augmented ...