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International

Thin ice: S&P lowers reinsurers’ outlook to negative

25 May 2020

S&P has lowered its outlook on global reinsurers to negative from stable, saying COVID-19 has pushed the sector "farther out on thin ice"...

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ABI rejects 'goodwill gestures' on business interruption

25 May 2020

The Association of British Insurers has warned hospitality trade groups that underwriters cannot afford to make "goodwill gesture" compensation payments outside policy terms for business interruption...

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UK brokers slam critical report on commissions

25 May 2020

The British Insurance Brokers' Association has slammed a "headline-grabbing" report by consultancy Mactavish which questions current remuneration structures...

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NOAA predicts busy Atlantic hurricane season

25 May 2020

Forecasters at the US-based National Oceanic and Atmospheric Administration expect an “above normal” Atlantic hurricane season...

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Prolonged recession tops COVID risk perception survey

25 May 2020

Fear of a prolonged global recession has topped concerns in a World Economic Forum COVID-19 risk perception survey conducted in partnership with Marsh & McLennan and Zurich...

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Lockdown spurs industry to broaden drone usage

25 May 2020

Insurers will step up the use of drones, which proved to be a valuable tool in aiding the industry during the virus-imposed lockdown, London-based consultancy GlobalData says...

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