News
Industry Body Warns Most British Companies Not Covered for Coronavirus Closures
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that ...
P/C Innovation Leaders Scarce, AM Best Finds; Reinsurers Reign
In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, ...
Executives On The Move at Everest Re and Willis Towers Watson
Everest Re Group promoted one of its executives to the role of Everest Group chief risk officer and chief actuary. Willis Towers Watson appointed a former Marsh Canada executive to a leadership ...
Insurance Information Institute Will Brief State Regulators on Coronavirus P/C Insurance Impact
The Insurance Information Institute will brief state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty insurance markets. The ...
Canopius Buys Majority Stake in MultiStrat Holdings, a Bermuda-based Specialty Reinsurer
Canopius Group Ltd. has purchased a majority stake in Bermuda-based MultiStrat Holdings Ltd. Neither side disclosed financial terms. MultiStrat is a specialty reinsurance group that writes both ...
Banks Still Lend After Floods; Insurers Are Backing Out
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been ...
American Family Closes Regional Office for Cleaning After Possible Employee Coronavirus Exposure
American Family Insurance Co. closed a regional office last Friday out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive ...
British Insurers No Longer Sell Travel Insurance to New Customers
British insurers Admiral , Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. "The ongoing global situation with coronavirus means ...