All News articles – Page 124
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NewsAIG announced Q3 GI catastrophe losses, including COVID-19 catastrophe-related losses
AIG today announced its General Insurance catastrophe losses, including COVID-19 catastrophe-related losses, for the quarter ended September 30, 2020, as well as results of the Life & Retirement and Legacy annual actuarial assumption update.
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NewsCytora shifts to permanent remote-first working culture
The insurtech will be inviting employees to give feedback on its progress
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NewsFinancial advisor PI premiums skyrocket over past three years
Smaller firms hit hardest by rapidly rising PI rates
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NewsSwiss Re Capital Markets structures and places USD 775 million catastrophe bond for California Earthquake Authority
Swiss Re Capital Markets successfully structured and placed the issuance of USD 775 million of insurance-linked securities (ILS) by Ursa Re II Ltd, to be used for the protection of the California Earthquake Authority (CEA). CEA protects more than one million policyholders in California against earthquakes and this transaction, the ...
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NewsDigital adoption rises nearly 20% for Insurance claims, J.D. Power Finds
Insurance claimants’ use of digital technologies continues a rapid march forward. That’s the lesson property and casualty (P&C) insurers are learning as claimants have ramped up use of digital channels throughout the claims process during the pandemic. According to the inaugural J.D. Power U.S. Claims Digital Experience Study,SM released today, ...
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People & OpinionMarkel hires Adriana Belli as Managing Director, Property, Marine and Select Risk Claims Division
Markel Corporation announced today that Adriana Belli has joined the company as Managing Director, Property, Marine and Select Risk (PMSR) Claims Division. In this role, she will oversee all aspects of the PMSR Claims Division, managing a team of more than 80 claims professionals throughout the United States. “We’re excited ...
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People & OpinionPresident of Chubb Canada Announces Retirement; Company Names Successor
Current President of Chubb Canada, Ellen Moore, has announced her retirement which will take effect at the end of the year. John Alfieri, Chubb’s current Executive Vice President, North America Major Accounts Field Operations, has been named President, Chubb Canada, effective immediately, subject to regulatory approvals. Ms. Moore ...
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People & OpinionAviva announces the appointment of Mohit Joshi and Jim McConville as Independent Non-Executive Directors of the Company with effect from 1 December 2020
Jim and Mohit bring significant experience in retail financial services and operational and IT transformation to the Board. Jim was previously Group Finance Director of Phoenix Group, where he was responsible for all aspects of the Group’s financial strategy and management and during which he led the transition programme bringing ...
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NewsClaims processing start-up wins Zurich Innovation Championship 2020
Innovative work in the field of claims processing has earned ClaimFlo the Gold award in the Zurich Innovation Championship 2020
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People & OpinionPeak Re Appoints Clarence Wong as Chief Economist
Peak Re has appointed Mr. Clarence Wong as Chief Economist effective from 16 Nov 2020, highlighting Peak Re’s commitment to strengthen its service in Asia and around the globe.
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NewsInsurance solutions can help to restore mangroves as natural coastal defences
Insurance could cost-effectively help protect and restore mangrove forests, which can offer increased resilience and protect against coastal flooding, according to a report published today by The Nature Conservancy and University of California, Santa Cruz, and supported by AXA XL.The report, Reducing Caribbean Risk: Opportunities for Cost-Effective Mangrove Restoration and ...
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NewsWillis Towers Watson to launch new partnership with the Wharton School’s Mack Institute
Willis Towers Watson today announced it is joining the Mack Institute for Innovation Management at the Wharton School, University of Pennsylvania, as a corporate partner.
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People & OpinionHiscox appoints Kathleen Reardon as CEO of Hiscox Re & ILS
Hiscox Ltd (LSE:HSX), the international specialist insurer, is pleased to announce the appointment of Kathleen Reardon as CEO of Hiscox Re & ILS, subject to regulatory approval. Kathleen will succeed Mike Krefta, who as we announced in August will be stepping down in early 2021. Most recently Chief Executive Officer ...
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NewsTesla’s release of new ‘self-driving’ software closely watched by U.S. regulator
The U.S. auto safety regulator said on Thursday it was closely watching Tesla Inc’s release of a software version intended to allow its cars to drive themselves, saying it stood ready to protect the public against safety risks.
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NewsUK plans for self-driving cars threaten safety - insurance group
British government plans that could allow self-driving cars on motorways as soon as 2021 would put lives at risk because the available automated technology falls well short of human driving capabilities, UK insurance group Thatcham Research said on Friday.
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NewsPolitical violence cover sees uptick in demand following Covid-19 pandemic – Talbot Underwriting
Businesses may be left under-prepared and under-insured as the lines are blurred for what constitutes a riot, protect, political violence or war
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NewsAirmic welcomes insurer’s decision to drop appeal
“Market turns are cyclical, and underwriters should keep squarely in mind their relationships with their insurance buyers for the future”, says Julia Graham
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NewsMoneysupermarket shares down 6% amid insurance difficulties
Aggregator hit by Covid impact, with travel significantly impacted
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NewsSix insurers drop High Court appeal against BI ruling for some policies
The insurers are however still contesting the ruling on some policy types
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News‘Nothing stopping’ resilience policy insurers paying out amid FCA test case ruling, says law firm
RSA has decided not to appeal the FCA test case ruling for its RSA4 resilience policies
