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Updated: 56 min 31 sec ago

Forced retro BI cover will have 'destructive' impact on insurers' capital, warns AM Best

6 May, 2020 - 13:33
Analysts suggest legislation forcing insurers to pay for COVID-19 BI losses could wipe out half of their capital.

Chubb appoints deputy chief underwriting officer of global markets

6 May, 2020 - 13:19
He will be responsible for London Market wholesale and specialty business including the company's Lloyd's platform.

US brokers Protecdiv, Cobbs Allen and CAC Specialty form strategic partnership

6 May, 2020 - 13:18
The partnership aims to broaden the footprint of both brokers in the auto, financial, energy, construction, public entity, and reinsurance markets.

Hannover Re CEO says COVID-19 losses 'impossible to quantify' but reserves €220m

6 May, 2020 - 11:17
The reinsurer's P&C underwriting results tumbled but total net income grew 2.5 percent in Q1 2020.

AXA 'resilient' amid COVID-19 volatility but Q1 gross revenues down

6 May, 2020 - 10:56
The company expects 'material impact' on 2020 earnings and 'mid triple digit million euros' COVID-19-related event cancellation claims.

Generali claims 'solid' capital position after Fitch downgrade

6 May, 2020 - 09:58
Italian insurer says it has already reduced the amount of sovereign debt and lowered its cost.

Assurant acquires AFAS to expand auto insurance offering

6 May, 2020 - 09:53
Texas-based AFAS is a provider of auto finance and insurance products and services.

OneAdvent buys UK property MGA from CFC Underwriting

6 May, 2020 - 09:44
Modus provides niche property insurance products to brokers across the UK.

RGA boss says Q1 results 'below expectation' as COVID-19 bites; Moody's goes negative

6 May, 2020 - 09:29
RGA CEO Manning warns of higher claims and credit losses, Moody's believe this could lower profitability and capitalisation.

Aon makes key appointment to chief broking officer role

6 May, 2020 - 08:49
The appointee will have a strategic oversight of Aon's broking function.

RenRe shuffles underwriting leadership in UK and Europe

6 May, 2020 - 08:49
The reinsurer has appointed a new active underwriter of Lloyd's Syndicate 1458 and CUO Europe.

AXIS CEO Benchimol says COVID-19 losses overshadowed 'an excellent quarter'

5 May, 2020 - 15:03
The Bermuda-based re/insurer reported a net loss of $185 million for the first quarter of 2020.

Dale poaches transportation underwriting team from Neon

5 May, 2020 - 14:52
Dale's new product offering will include commercial auto physical damage and motor truck cargo.

BMS recruits international chairman from Marsh-JLT

5 May, 2020 - 14:41
The executive most recently served as Marsh’s chairman of Middle East and North Africa.

Xceedance partners with Xemplar on mobile-based insurtech solutions

5 May, 2020 - 14:31
Xceedance to augment its technology capabilities for insurers looking for user-based insurance (UBI) products.

AIG places tech unit Blackboard into run-off

5 May, 2020 - 14:16
The carrier will take a $210 million impairment charge in connection with the run-off.

Profits slide at Arch Capital due to COVID-19 and cat losses

5 May, 2020 - 14:16
The Bermuda-based re/insurer reported nearly $87 million losses related to the COVID-19 pandemic.

Mapfre sees decline in profit despite 'limited' impact of COVID-19

5 May, 2020 - 14:15
The re/insurer expects an increase in claim activity in health, burials and life lines in the upcoming quarters.

AIG takes $272m hit from industry's 'largest cat loss ever'; withdraws guidance

5 May, 2020 - 11:11
AIG CEO Duperreault says the impact of COVID-19 will result in a material reduction of our long-term return profile.

THB eyes expansion under new boss, ex-QBE Matthew Crane

5 May, 2020 - 10:30
Former CEO Frank Murphy highlights 'robust nature of THB and AmWINS' that will help drive expansion despite the global crisis.


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