All News articles – Page 175
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Online onlyNEWS BITE: Lloyd’s to close Underwriting Room
Following UK government advice on COVID-19, Lloyd’s Executive Committee has today decided to close the Underwriting Room with effect from 16:00 (GMT) on Thursday 19 March. We’re confident our emergency trading protocols will enable the market to continue trading.
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Online onlyLeading medical malpractice insurer NJ Pure announces Gen Re reinsurance contract partnership
NJ PURE, a leading medical malpractice insurer in New Jersey, announced today its partnership reinsurance contract with General Reinsurance Corporation (“Gen Re”), a member of the Berkshire Hathaway family of companies.
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Online onlyAM Best to Deploy Pandemic-Related Stress Test for Rated Insurance Companies
AM Best is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and other aspects of the risks borne by rated entities.
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Online onlyBitGo Launches First Dedicated Customer Excess Specie Insurance Purchasing Program
BitGo announced today that it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients.
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Online onlyFitch Ratings: Markets, Not Coronavirus Mortality, Is the Risk to European Reinsurers
Financial market disruption stemming from the spread of the coronavirus is the main threat to the credit profiles of European reinsurers, Fitch Ratings says.
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Online onlySCOR LAUNCHES AN INSURANCE INFORMATION PLATFORM IN CHINA
In the battle against COVID-19, SCOR has set up an insurance information platform in China to help those on the frontlines stay informed of their rights and access cover.
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Online onlyCoronavirus: No insurance cover for most virus-hit businesses
Most businesses do not have insurance cover to compensate them for coronavirus losses
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News AgendaInsurance experts rank cybercrime as top risk for 2020
Cybercrime, disruptive technology and pricing are the top three most dangerous risks, according to a new Willis Towers Watson survey of more than 100 insurance industry executives
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Online onlyCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
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NewsAspen Insurance Holdings appoints new group chief financial officer
The new hire succeeds Scott Kirk, who is leaving the firm at the end of April
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NewsAspen Insurance Holdings exits underperforming UK regional P&C line
Group chief executive describes 2019’s financial results as ‘disappointing’
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Online onlyVienna Insurance 2019 pre-tax profit up 7%, proposes 15% dividend hike
Vienna Insurance (VIG) VIGR.VI on Tuesday reported a 7.4% increase in 2019 pre-tax profit, helped by solid growth in Poland, the Baltics, Bulgaria and its home market Austria. The group, which operates in more than 10 eastern European countries, said it plans to increase the dividend payments for 2019 by ...
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Online onlyCOVID-19 Forces Cancellation of Annual RIMS Conference
The Risk and Insurance Management Society (RIMS) has canceled its 2020 Annual Conference & Exhibition due to COVID-19. The event was scheduled for May 3–6 in Denver. In a statement, RIMS noted that it’s the first time in the organization’s 70-year history that it has been forced to cancel its ...
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Online onlyLloyd’s launches new report on the renewable energy sector
As energy systems change globally to incorporate renewable technologies, opportunities are arising for insurers to innovate products and to support this industry.
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Online onlyTalanx generates record results of EUR 923 million in 2019
The parent company of Hannover Re, Talanx group, has reported a 31 percent climb in net income with all four divisions reporting increased earnings with Industrial Lines improving by a substantial amount.
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Online onlyMulti-Strat Holdings announces a majority acquisition of the company by Canopius
MultiStrat’s innovative products can now be scaled more rapidly with the support of Canopius’ expertise and resources.
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Online onlyEverest Re Group names Don Mango Chief Risk Officer and Chief Actuary
Mango will report to Everest Re Group President and CEO Juan C. Andrade
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Online onlyInsurers expected to be resilient through pandemic, global recession
Negative impacts from the coronavirus outbreak are expected to hit the U.S. in the second and third quarters, but the economy should recover going into 2021. Insurers are expected to be resilient in the face of a downturn especially because, in part, there were not as many ...
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Online onlyIGI Receives Provisional NAIC Approval to Write U.S. E&S Business
Effective April 1, 2020
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Online onlyIRDAI proposes ‘ease of doing business’ for global reinsurers
A committee of the Insurance Regulatory and Development Authority of India (IRDAI) has proposed to put in place a system in place which would help foreign reinsurance company branches, reinsurers and Lloyd’s India in carrying out their operations seamlessly.
