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News – Insurance Journal
Swiss Re Announces Plans to Streamline Structure of Group
Swiss Re announced further streamlining of the legal entity structure of the group. Following the announcement on June 19, 2020 that the Life Capital Business Unit will be disbanded, Swiss Re also intends to reorganize the legal entity structure of …
POSTED SEPTEMBER 25, 2020 7:19 AM |
Formation of More ‘Class of 2020’ Reinsurers Unlikely
The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company said recently. Speaking at the KBW Insurance Conference in early September, Sid Sankaran, chair of Third Point Re, was referring …
POSTED SEPTEMBER 25, 2020 6:03 AM |
What Ever Happened to Hedge Fund Reinsurers?
The latest group of reinsurers to emerge in the Bermuda market is starting to look different. Even the name that once described the cohort has changed in the past five years. And at least one member of the group of …
POSTED SEPTEMBER 25, 2020 6:02 AM |
Alabama City Officials Drop Chemical Contamination Lawsuit
Officials in the northwest Alabama city of Guin have dropped a lawsuit against chemical giant 3M that alleged chemicals from its manufacturing plant had entered a creek that supplies drinking water to the community. The Guin Water works & Sewer …
POSTED SEPTEMBER 25, 2020 5:25 AM |
A.J. Gallagher Alleges Alliant’s Poaching ‘Playbook’ Has Cost It Employees, Clients
California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital from its private equity partner Stone Point Capital, has engaged in …
POSTED SEPTEMBER 25, 2020 5:00 AM |
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming
Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to be appealed. London judges ruled that some of the world’s …
POSTED SEPTEMBER 25, 2020 5:00 AM |
Court Nixes Opioid Proposal That Would Have Included Cities That Have Not Sued
A federal appeals court on Thursday overturned a judge’s approval of a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid crisis that would bring every community nationally into their settlement talks. The 6th …
POSTED SEPTEMBER 25, 2020 5:00 AM |
Brazil’s State-Owned Caixa Again Postpones IPO of Its Insurance Unit
Brazilian state-owned lender Caixa Economica Federal said on Thursday that it had indefinitely postponed plans for an initial public offering of its insurance unit Caixa Seguridade, the second time this year the high-profile deal has been put off. Caixa Economica …
POSTED SEPTEMBER 25, 2020 5:00 AM |
Arch Forms Underwriting Partnership with ProHost for Restaurant Industry Program
Arch Insurance has formed an underwriting partnership with ProHost USA, a Minneapolis-based insurance program administrator providing specialty packages to the restaurant industry. ProHost USA is part of Distinguished Programs, a national program administrator. Retail agents can now learn about and …
POSTED SEPTEMBER 25, 2020 4:46 AM |
Chinese Companies Lag Far Behind in Climate Risk Disclosure
A report on the current state of climate risk disclosures among the largest companies in China and the United States found that Chinese companies lag significantly behind their global peers in the S&P 500 in climate risk disclosures and need …
POSTED SEPTEMBER 24, 2020 11:00 PM |
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