Even before the coronavirus crisis hit, the re/insurance industry was in a period of significant rate hardening, which will likely continue over the next two years, or even longer, according to Munich Re. Such price increases became necessary after 10-plus …
Global regulators should not ban insurers from paying dividends as a result of COVID-19 and should give firms more time to report their capital positions, European insurers said on Monday. The pandemic will likely lead to between $50 and $100 …
Three Republican U.S. senators on Tuesday introduced the latest legislation targeting a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their users post. The bill from Senator Roger Wicker, who …
Angola’s attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente whose $900 million fortune has been frozen by Swiss authorities, state broadcaster TPA reported on Tuesday. De São Vicente was …
A federal judge on Tuesday struck down a Trump administration rule that narrowed the definition of “joint employer,” and which the attorneys general of 17 states and Washington, D.C. said would eliminate important labor protections for workers. U.S. District Judge …
A consortium led by insurer Arch Capital Group Ltd. has made an approximately $500 million offer to acquire reinsurance firm Watford Holdings Ltd , people familiar with the matter said on Tuesday. The bid comes more than a year after …
JBS SA, the world’s largest meatpacker, has vowed to keep the world fed during the coronavirus pandemic. Executives say the company has added more than 15,000 new workers in Brazil this year to crank out cuts of chicken, pork and …
Beach & Associates has named Warren Berkstresser senior vice president of its Beach Re U.S. reinsurance division, and he will launch and run Beach’s new office in Seattle, Wash., and sit on the North America office head’s executive team. Berkstresser …
Look around the corner, what do you see? Answering that question is the most important part of my job as an author, speaker, advisor and VC investor. It’s a role that requires a hint of arrogance, since peering around the …
Simply Business, Inc., a digital insurance agency offering small business insurance policies on behalf of a panel of carriers, will work with AXIS Insurance on a new product intended for U.S. small business owners who conduct business from their homes. …
