30 November 2020
Business interruption insurance may be redefined in the wake of the coronavirus pandemic so that businesses can have more clarity about what they are covered against, Fitch Ratings says...
30 November 2020
Guy Carpenter has warned the upcoming January 1 renewal season and related negotiations will likely be “lengthier and more complex” because of COVID-19 and significant adverse developments in commercial automobile and general liability...
30 November 2020
The UK High Court has given final approval for policy transfer plans developed by Lloyd’s due to Britain’s exit from the European Union...
30 November 2020
North American commercial insurance prices are expected to increase in every line except one next year in one of the hardest markets in decades, while uncertainty remains around final costs for insurers from the COVID-19 pandemic, Willis Towers Watson says...
30 November 2020
Reputational risks offer a growth area for insurers as companies face heightened repercussions and improved products are developed, a report from Lloyd’s and KPMG says...
23 November 2020
The UK Supreme Court – the country’s highest court – has completed a four-day appeal hearing over business interruption policy wordings that insurers say exclude claims related to the COVID-19 outbreak...
23 November 2020
Swiss Re Group says the hardening rate environment will provide it with a cushion for the fallout from COVID-19...
23 November 2020
The COVID pandemic and costly natural catastrophes are expected to tip the US property and casualty insurance sector into loss this year...
23 November 2020
Insured average annual losses from catastrophes globally this year have risen to nearly $US100 billion from $US91.8 billion last year, according to AIR Worldwide...
23 November 2020
Lloyd’s has signalled it is ready to tap into the growing opportunities created by the booming gig economy...
23 November 2020
Aon has created a new Asia Pacific Capital Advisory Unit following the launch of similar capital efficiency advice teams in the UK and US...
16 November 2020
The most active Atlantic hurricane season in history, in which a record 11 named storms made landfall, has added billions to the October bill for natural catastrophe losses, according to Aon-owned Impact Forecasting…
16 November 2020
Global marine premiums across all sectors are relatively stable, but COVID-19 has “injected a new level of uncertainty”, the International Union of Marine Insurance says…
16 November 2020
Zurich says its property and casualty gross written premium in the Asia Pacific dropped during January-September as demand for travel insurance was decimated…
16 November 2020
Insurers must “really sharpen-up” their technical capabilities or lose business, particularly in the SME space, because “the digital natives are coming,” (re)insurer Markel Corporation says…
16 November 2020
HDI Global parent Talanx has reported a 30% drop in net income to €520 million for the nine months to September, as pandemic-related claims and severe losses from natural disasters dented earnings…
09 November 2020
UK-based RSA Insurance Group is weighing a joint £7.2 billion all-cash takeover offer from Canada’s Intact Financial Corporation and Tryg A/S of Denmark...
09 November 2020
Lloyd’s estimates brokers and insurers could collectively reduce costs by more than £800 million if measures in its updated reform blueprint are adopted...
09 November 2020
Evidence is growing that existing insurer risk frameworks are not fully pricing the “chronic, long-term and cumulative nature” of the physical impacts brought about by climate change, ratings agency Fitch says...
09 November 2020
The UK Supreme Court has set aside four days next week to hear insurer and regulator appeals over a business interruption test case judgment that could affect hundreds of thousands of policyholders...