Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to the coronavirus pandemic, but declared a dividend as the reinsurer expects a return to profit in 2021. Swiss Re and …
Ensurance, the London-based specialty managing general agent, has announced a new capacity deal with AXA Insurance UK plc for its core construction and engineering products. AXA replaces Swiss Re as the MGA’s main capacity provider, effective from Feb. 1, 2021. …
North Carolina Gov. Roy Cooper said Wednesday that the state must learn from the surprise tornado that struck Ocean Isle Beach with little or no warning, leaving three people dead and 10 injured. The governor surveyed the brunt of the …
North Carolina’s Division of Motor Vehicles has started offering road tests to teen drivers again. The Raleigh News & Observer reports that the DMV had largely stopped the tests last March to prevent the spread of the coronavirus. The agency …
Crum & Forster has expanded its eRisk team with the addition of Cassie Quaranta as an executive underwriter in the Northeast Region and Vlad Borovskyi as an underwriter in the Southeast Region. Quaranta and Borovskyi will focus on underwriting cyber …
FRANKFURT – German insurer Allianz posted its first fall in annual operating profit in nearly a decade on Friday on higher claims from businesses hit by lockdowns and lower demand for car and travel insurance. Operating profit fell 9.3% to …
The Black owner of 14 McDonald’s franchises says the company has shown more favorable treatment to white owners and denied him the opportunity to buy restaurants in more affluent communities, according to a civil rights lawsuit filed in federal court …
A key takeaway from 2020 is the acknowledgement that change of a magnitude greater and more frequent than anyone had anticipated is upon us. One of the best ways for insurers and their business partners to embrace this momentum in …
Under legislation passed by the Oklahoma House of Representatives, new or renovated hotels and motels would be required to tornado safety information in every room and common areas. Rep. Denise Crosswhite Hader, R-Piedmont, who authored House Bill 1748, said the …
The Consumer Affairs and Market Regulation divisions of the Missouri Department of Commerce and Insurance (DCI) helped consumers receive an additional $23.9 million from their insurance companies in 2020, the department reported. The monies were returned as a result of …
