New Argo Group CEO Rehnberg Aims for Transparency and Straight Shooting March 31, 2020 By Mark Hollmer Argo Group had been under fire for months over allegations that its board spent excessively on executive compensation when Kevin...
QBE Withdraws 2020 Financial Targets on COVID-19 Related Economic Uncertainty March 31, 2020 QBE released its 2019 full year results on Feb. 17, 2020, which included an outlook statement that included combined operating...
Global M&A Plunges 28% in Q1 as Coronavirus Hits Economies March 31, 2020 By Pamela Barbaglia and Greg Roumeliotis Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating...
Activist Fund CIAM Keeps Pressure on Reinsurer SCOR – and its CEO/Chairman Kessler March 30, 2020 By L.S. Howard The battle between French activist investment fund CIAM and SCOR, which has been waging for more than a year, heated...
Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS March 30, 2020 The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million...
Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan March 30, 2020 Allianz Australia announced the appointment of Tara Laybutt as Allianz Australia’s chief risk officer, effective May 11, 2020. Laybutt has...
South Korean Insurers Hit Hard by Evaporating Investment Returns March 30, 2020 By Heejin Kim and Whanwoong Choi Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly...
Sirius International Launches Formal Process to Find a Buyer March 30, 2020 By L.S. Howard Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal March 27, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...