Insurance Business Magazine - US

Lloyd's chief suggests coronavirus will likely be most expensive insurance event in history

Boss states the chances of the market making anything other than a significant loss in 2020 are zero

Posted: Apr 24, 2020

Sedgwick launches support services for organizations resuming business amid pandemic

Services will be made available starting next week

Posted: Apr 24, 2020

Everest Re Group highlights pandemic loss estimate for Q1

Majority of losses believed to come from reinsurance

Posted: Apr 24, 2020

Could insurers' auto discounts be backfiring?

Study suggests they may not be inspiring loyalty among consumers

Posted: Apr 23, 2020

PMA Companies swoops for new CFO

The 25-year industry vet joins the company from USAA

Posted: Apr 23, 2020

Talanx Group will pay dividends even while withdrawing profit guidance

First quarter financials are in line to be released in May

Posted: Apr 23, 2020

Chaucer names new non-executive chairman

Renowned insurance head joins the firm

Posted: Apr 22, 2020

Alera Group purchases CA-based risk and claims management firm

Acquired firm is an expert in the agriculture, manufacturing, hospitality and entertainment industries

Posted: Apr 22, 2020

Litigation over business interruption insurance heats up

Lawyers are looking to consolidate lawsuits around BI losses stemming from COVID-19

Posted: Apr 22, 2020

Travelers posts 25% drop in quarterly profit

The insurer also warned of rising claims as the COVID-19 outbreak continues

Posted: Apr 22, 2020

AFL Insurance Brokers taps new LatAm head

The veteran will help business in the high-growth market, executive says

Posted: Apr 22, 2020

Beazley details the impact of coronavirus on its Q1 results

"Our aim is to support our brokers and clients as much as possible in these challenging times"

Posted: Apr 22, 2020

Beazley points to the impact of COVID-19 on its Q1 results

Gross premiums written are up significantly compared to the same period one year earlier

Posted: Apr 22, 2020

TWFG Insurance Services moves in to purchase Panoptic Insurance

Independent personal lines firm broadens its statewide presence with deal

Posted: Apr 22, 2020

Swiss Re Corporate Solutions names new CFO

The new executive will oversee a team of about 200 finance professionals

Posted: Apr 22, 2020

AXA XL unveils leadership overhaul

"Now is the time to optimize our structure," chief executive states

Posted: Apr 22, 2020

GEICO accused of systematic fraud in lawsuit

Complaint accuses GEICO of wrongfully denying legitimate claims and institutionalizing denial letters

Posted: Apr 21, 2020

Alera Group scoops up Arizona benefits agency

The firm joins Alera Group through its local agency in Scottsdale

Posted: Apr 21, 2020

Travelers fires back against law firm suing for business interruption cover

It argues that a virus is not a covered peril under the policies purchased

Posted: Apr 21, 2020

Genstar Capital backed insurance company names chief underwriting officer

The private-equity firm has partnered with industry veterans to introduce the firm

Posted: Apr 21, 2020

Group CEO of Charles Taylor steps down

Several board and executive committee changes have been announced

Posted: Apr 21, 2020

Group CEO of Charles Taylor to leave

Several board and executive committee changes are outlined

Posted: Apr 21, 2020

Certain US life insurers suspend senior applications

The insurers are saying they had to restrict applications in order to preserve their long-term financial health

Posted: Apr 21, 2020

NFP boosts UK presence with Johnson Fleming swoop

Principals will continue to lead their respective practice areas

Posted: Apr 21, 2020

FM Global gets "AA" financial rating from Fitch's coronavirus stress test

It also gets a "stable" outlook from the ratings firm

Posted: Apr 21, 2020