04 May 2020
UK nightclubs and restaurants and leisure and hospitality broker NDML have asked the Johnson Government to release Pool Re terrorism funds to support payment of business interruption claims related to the coronavirus outbreak...
04 May 2020
A campaign led by "the world’s richest chefs and a celebrity attorney" to retroactively rewrite US business interruption policies is unconstitutional and would threaten the industry’s ability to pay covered claims, the New York-based Insurance Information Institute says...
04 May 2020
A steep sell-off in equity and corporate bond markets has undone last year’s strong topline capital growth at global reinsurers, according to Willis Re...
04 May 2020
The profitability of leading global reinsurance carriers eased last year in a "challenging" operating environment, Aon’s latest Reinsurance Aggregate report says...
04 May 2020
Swiss Re has posted a first-quarter loss and revealed a $US476 million charge in preparation for claims relating to COVID-19, particularly event cancellations...
04 May 2020
Aon says its acquisition of rival broker Willis Towers Watson is "more important than ever" as the business looks to ride out the global disruption caused by the virus pandemic...
04 May 2020
Gallagher says it is planning to contract or furlough portions of its workforce as part of cost-cutting measures to limit the impact of the coronavirus pandemic as economic conditions deteriorate...
04 May 2020
Willis Towers Watson says its first quarter was not materially affected by the coronavirus pandemic but it’s withdrawing full-year earnings guidance as future developments remain difficult to predict...
04 May 2020
Marsh & McLennan has posted a rise in first-quarter net income to $US754 million from $US716 million a year earlier...
04 May 2020
Munich Re has hit out at politicians who insist insurers should pay for virus-related claims that are excluded in policies, describing the action as "incompatible with the principles of the rule of law"...
04 May 2020
Global claims Crawford & Company has promoted Rohit Verma to the top CEO role while Joseph Blanco, the company’s current general counsel, steps into the role of President...
04 May 2020
Willis Towers Watson has introduced a new product offering cyber insurance cover designed specifically for shipowners...
27 April 2020
The insurance industry faces an “existential threat” if it is forced to pay for business interruption claims that are explicitly excluded in black and white wording, Willis Re has warned in a COVID-19 report...
27 April 2020
COVID-19 will affect insurance claims and premium trends over the next few months and potentially for years to come, analysis from Deloitte says...
27 April 2020
The Risk and Insurance Management Society has written to the US Congress and the White House pressing for a Government backstop to ensure business interruption insurance cover is available during pandemics...
27 April 2020
London-based insurance leader Stephen Catlin and executives from Aon, Guy Carpenter, Willis Re and other companies have formed a steering group to examine ways for the UK insurance industry to respond to future pandemics...
27 April 2020
The profitability of leading global reinsurance carriers worsened in 2019, helped by an uptick in demand for cover and an easing in natural catastrophe losses, Aon’s latest Reinsurance Aggregate report says...
27 April 2020
Piracy incidents in the March quarter rose to 47 attacks from 38 a year earlier, according to the latest report from the International Maritime Bureau...
27 April 2020
A strategic review has resulted in Axa XL creating a single global insurance Underwriting Function and three geographical business units...
27 April 2020
Chubb has warned its future earnings would take an indefinite hit, as the COVID-19 pandemic drags the global economy into its worst slump since the 2008 financial crisis...