14 December 2020
The UK regulator has released draft guidance to smooth the process for coronavirus-related claims under some wordings following the High Court’s judgment on business interruption exclusions...
14 December 2020
Munich Re has released a five-year corporate plan, setting out the list of goals the German reinsurance giant intends to achieve between now and 2025...
14 December 2020
Australia is creating a knowledge base to assist a global recovery from the COVID-19 pandemic take shape as the nation demonstrates how to keep workers and the public safe while rebuilding the economy, Aon says...
14 December 2020
Zurich has agreed a deal to acquire MetLife’s $US4 billion property and casualty business in the US...
07 December 2020
Munich Re has flagged pandemic-linked reinsurance losses of €3.4 billion this year...
07 December 2020
US property and casualty insurers recorded a 25.2% decline in net income to $US35.5 billion for the nine months to September from a year earlier, according to data compiled by AM Best...
07 December 2020
The Atlantic hurricane season has ended after a record 30 named storms, including a new high of 12 that made landfall in the continental US...
07 December 2020
COVID-19 tops threats to global financial stability for next year, with nearly a third of respondents to a new survey citing the pandemic as the number one risk and two thirds citing it as a top five risk...
07 December 2020
Swiss Re has set up a standalone fund company aimed at the alternative capital market for natural catastrophe investment...
07 December 2020
Aon has introduced a new digital insurance offering for SME businesses...
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...