insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2021 Aon-WTW deal still to clear regulatory hurdles https://www.insurancenews.com.au/international/aon-wtw-deal-still-to-clear-regulatory-hurdles https://www.insurancenews.com.au/international/aon-wtw-deal-still-to-clear-regulatory-hurdles Aon’s proposed US$30 billion merger with Willis Towers Watson is still awaiting regulatory clearances as the European Commission considers commitments lodged this month to address competition concerns, while authorities in other countries are also completing reviews...

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Mon, 19 Apr 2021 13:45:00 +1000
UK insurer BI claim settlements top $600 million https://www.insurancenews.com.au/international/uk-insurer-bi-claim-settlements-top-600-million https://www.insurancenews.com.au/international/uk-insurer-bi-claim-settlements-top-600-million UK insurers have paid out £352.1 million in business interruption claim final settlements following the test case judgment earlier this year, the Financial Conduct Authority says...

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Mon, 19 Apr 2021 13:44:00 +1000
Lloyd’s plans underwriting room revamp https://www.insurancenews.com.au/international/lloyds-plans-underwriting-room-revamp https://www.insurancenews.com.au/international/lloyds-plans-underwriting-room-revamp Lloyd’s has outlined plans for a “once-in-a-generation” revamp of its underwriting room, building on technology changes and insights driven by the COVID-19 pandemic...

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Mon, 19 Apr 2021 13:44:00 +1000
Aon pioneers vaccine transport cover using supply-chain sensors https://www.insurancenews.com.au/international/aon-pioneers-vaccine-transport-cover-using-supply-chain-sensors https://www.insurancenews.com.au/international/aon-pioneers-vaccine-transport-cover-using-supply-chain-sensors Aon has collaborated with a group of leading insurers and technology experts to underwrite COVID-19 cargo insurance risk with the help of sensors to track sensitive vaccine shipments as they make their journey from “factory to syringe”...

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Mon, 19 Apr 2021 13:43:00 +1000
Cat insurance claim value hits record in UK https://www.insurancenews.com.au/international/cat-insurance-claim-value-hits-record-in-uk https://www.insurancenews.com.au/international/cat-insurance-claim-value-hits-record-in-uk The value of cat insurance claims rose 10% to an all-time high of £148 million in the UK last year as a record 1.06 million cat owners secured pet insurance...

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Mon, 19 Apr 2021 13:35:00 +1000