15 June 2020
The global energy sector is particularly exposed to the COVID-19 pandemic and is in the "eye of the storm" as global capacity evaporates while climate change risk remains paramount, a new report from Willis Towers Watson says...
15 June 2020
Zurich has appointed Belinda Bates to the newly created role of Senior Risk Consultant Climate Change, saying businesses recognise the need to consider and prepare for the changing environment...
01 June 2020
Legislation to create a US Pandemic Risk Reinsurance Program, similar to arrangements in place for terrorism, has been introduced into the US Congress...
01 June 2020
The Association of British Insurers has rejected criticisms that it has toughened its stance on COVID-19 business interruption claims as the outbreak has unfolded...
01 June 2020
UK insurers have voiced support for a new government policy requiring the installation of sprinklers in new residential buildings of 11 metres and above...
01 June 2020
Lloyd’s will start notifying policyholders later this month about the transfer of its existing European business to Brussels as part of its post-Brexit plan, after securing approval from the High Court of England and Wales to do so...
01 June 2020
Insurers already embattled by high COVID-19 based payouts will come under further strain as 2020 progresses from economic recession, market volatility and natural catastrophe claims, says GlobalData...
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"...
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...
25 May 2020
The British Insurance Brokers' Association has slammed a "headline-grabbing" report by consultancy Mactavish which questions current remuneration structures...
25 May 2020
Forecasters at the US-based National Oceanic and Atmospheric Administration expect an “above normal” Atlantic hurricane season...
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...
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...
18 May 2020
Lloyd’s estimates global underwriting losses from COVID-19 will reach $US107 billion this year, making it the biggest claims year the industry has seen...
18 May 2020
The UK’s Financial Conduct Authority has outlined temporary measures for insurers to help their customers experiencing financial difficulty due to COVID-19, including premium reductions, discounts, waiving fees, and payment deferrals...
18 May 2020
The UK Government will temporarily guarantee trade credit insurance to assist businesses having trouble maintaining cover - part of its program to shore-up economic recovery prospects following impacts from coronavirus pandemic lockdowns...
18 May 2020
The UK Financial Conduct Authority is calling on brokers and insurance clients to provide information on issues they want a High Court business interruption test case to address...
18 May 2020
Berkshire Hathaway Specialty Insurance has added Defence Base Act insurance to its portfolio of products...
11 May 2020
US insurers and reinsurers writing business interruption cover could have their capital cut by as much as half if legislators impose policy changes on carriers that would see them forced to pay for two months of coronavirus-related claims, AM Best says...
11 May 2020
UK brokers have outlined a number of areas where the industry would need external support from insurers to help clients overcome the pandemic fallout...