22 June 2020
Swiss Re has announced Thierry Léger will be Group Chief Underwriting Officer on September 1, taking over from Edi Schmid, who has decided to step down for personal reasons but will still have an advisory role with the business...
15 June 2020
Swiss Re’s annual Sonar report on emerging risks has warned the COVID-19 pandemic should not overshadow the need to move to a low-carbon future...
15 June 2020
The Financial Conduct Authority has identified a preliminary list of 91 policy wordings that match those which fall within the scope of a UK business interruption High Court test case...
15 June 2020
The Organisation for Economic Co-operation and Development says government-backed insurance programs designed for business interruption losses from future pandemics may need to have automatic inclusions to ensure widespread cover...
15 June 2020
Insurance’s annual global diversity and inclusion festival Dive In will be held online for the first time in September...
15 June 2020
Prolific severe weather and flooding in the US has prompted another monthly multi-billion-dollar insurance bill, the latest Global Catastrophe Recap report from Aon says...
15 June 2020
Lloyd’s has released a new application that will help brokers and underwriters placing business electronically as the marketplace moves forward with its transformation program...
15 June 2020
The UK’s Financial Conduct Authority has reaffirmed last month’s guidance to insurance firms regarding the impact of COVID-19 on the value of their insurance products...
15 June 2020
An increase in the size and frequency of natural disasters implies that models relied on by insurers to predict these events are obsolete, or at least need major recalibration, KPMG says...
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...