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 2020 How US and UK insurers are helping customers https://www.insurancenews.com.au/international/how-us-and-uk-insurers-are-helping-customers https://www.insurancenews.com.au/international/how-us-and-uk-insurers-are-helping-customers Insurance companies and their representative organisations are working out ways to help their customers as communities around the world begin to experience the challenges of prolonged coronavirus control initiatives...

]]>
Mon, 06 Apr 2020 13:18:00 +1000
ABI flags pool solution for pandemic risks https://www.insurancenews.com.au/international/abi-flags-pool-solution-for-pandemic-risks https://www.insurancenews.com.au/international/abi-flags-pool-solution-for-pandemic-risks The Association of British Insurers has suggested reinsurance pools like those used for terrorism and earthquake risks could be part of solutions for protecting against future pandemic risks...

]]>
Mon, 06 Apr 2020 13:18:00 +1000
Chubb announces donation to pandemic relief https://www.insurancenews.com.au/international/chubb-announces-donation-to-pandemic-relief https://www.insurancenews.com.au/international/chubb-announces-donation-to-pandemic-relief Chubb has committed $US10 million to pandemic relief efforts and has pledged not to retrench employees while the crisis is ongoing...

]]>
Mon, 06 Apr 2020 13:17:00 +1000
Munich Re warns of 'considerable' earnings hit from virus pandemic https://www.insurancenews.com.au/international/munich-re-warns-of-considerable-earnings-hit-from-virus-pandemic https://www.insurancenews.com.au/international/munich-re-warns-of-considerable-earnings-hit-from-virus-pandemic Munich Re’s property and casualty arm has suffered a "considerable claims burden" in the first quarter because of the coronavirus pandemic, forcing the global reinsurer to withdraw its €2.8 billion profit guidance for this year...

]]>
Mon, 06 Apr 2020 13:16:00 +1000
Early reinsurance renewals avoid virus impact https://www.insurancenews.com.au/international/early-reinsurance-renewals-avoid-virus-impact https://www.insurancenews.com.au/international/early-reinsurance-renewals-avoid-virus-impact Reinsurance renewals in April were mostly fully placed before the impact of coronavirus escalated and without specific exclusionary language after buyers started negotiations well in advance, Willis Re says...

]]>
Mon, 06 Apr 2020 13:15:00 +1000
UK flood losses top $600 million after February storms https://www.insurancenews.com.au/international/uk-flood-losses-top-600-million-after-february-storms https://www.insurancenews.com.au/international/uk-flood-losses-top-600-million-after-february-storms Storms that swept through the UK in February have caused insurance property losses of £297 million, Swiss-based catastrophe data firm Perils says...

]]>
Mon, 06 Apr 2020 13:14:00 +1000