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International

BI backstop plan introduced into US Congress

1 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...

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Insurers reject criticism on coronavirus claims

1 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...

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UK insurers backs mandatory sprinklers in high-rises

1 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...

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UK court approves next stage of Lloyd's Brexit plan

1 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...

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COVID-19 embattled insurers 'face recession, cat claims'

1 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...

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