AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter April 27, 2020 AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to...
Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties April 27, 2020 By L.S. Howard Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims April 27, 2020 By Benjamin Robertson Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK...
Generali Confident of Rebuffing Takeovers Thanks to Strong Capital, Financial Position April 27, 2020 Italy’s top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid,...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers April 27, 2020 By Sid Verma British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
How Chubb Is Navigating Coronavirus and Its Impact on Growth April 27, 2020 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg insists his global P/C insurer has strong fundamentals, but warned at the same time...
Reinsurance Rendez-Vous de Septembre Canceled due to Coronavirus Crisis April 24, 2020 The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due...
Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups April 24, 2020 By Suzanne Barlyn Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp.,...
Everest Re Estimates $150 Million in Pandemic-Related Losses During First Quarter April 24, 2020 Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic....
China’s Ping An Reports Q1 Profit Drop of 42.7% on Coronavirus Business Disruption April 23, 2020 Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall...