U.S.
Executives On The Move at Cowbell Cyber and AXIS Insurance
A former Lockton executive joined Cowbell Cyber as its new Head of Insurance. AXIS Insurance made three appointments within its U.S. Renewables team. *** A former Lockton executive joined Cowbell ...
Reduced Insurance Cover Leaving Offshore Operators With Big Ida Losses
Offshore energy firms are likely to face greater financial losses from Hurricane Ida than from previous storms in the Gulf of Mexico, because of reduced coverage offered by insurers, risk modeling ...
Cognizant Expects Carriers to Foot Bill for $95M Bribery Lawsuit Settlement
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to ...
COVID-19 Claims Are Placing ‘Considerable Burden’ on Global Reinsurers
Global life and non-life insurance and reinsurance COVID-19 claims are approaching $50 billion, which has had a significant burden on reinsurers, according to Mike Van Slooten, head of Business ...
Forced Return to Workplace Could Lead to Lawsuits: Risk Alerts
Many employees are being forced to return to the workplace despite requesting accommodations for mental health issues such as anxiety, stress, depression, agoraphobia or PTSD. This has led to a spike ...
Executives On The Move at Zurich North America, AXA XL and BHSI
A former Chubb executive is Zurich North America's new Head of Distribution for the U.S. Middle Market. AXA XL's North America Construction business promoted two veteran executives to lead its ...
Global P/C Premiums Will Double by 2040, Driven by Climate Change and More: Swiss Re
Global property/casualty premiums are expected to more than double to $4.3 trillion in 2040 from $1.8 trillion in 2020 – growth driven by economic development, urbanization and climate change, ...
Boeing Shareholders Allowed to Sue Company Over Two Fatal 737 MAX Crashes
A Delaware judge ruled on Tuesday that Boeing's board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor ...