News
Q&A: New Lloyd’s Middle East CEO Andrew Woodward
Global Reinsurance spoke to Andrew Woodward to find out his ambitions for Lloyd’s in the Middle East, and how it can help the region’s insurance market thrive
Senior level decisions amid Covid-19 could spark fresh class action
KBRA Releases Research – Coronavirus (COVID-19): Global Insurance Update
Working from home hard to implement for some businesses during Covid-19
Guy Carpenter and RiskGenius announce collaboration to revolutionize silent cyber analysis
BMS acquires Spanish specialist insurance broker Jurado Mata
BMS Group today announced that its Spanish subsidiary, BMS Iberia, has acquired Jurado Mata, the Granada-based Spanish specialist insurance broker. The consideration for the transaction was not disclosed.
Willis Towers Watson launches business aviation community group to aid sector’s risk management
A Class focuses on data analytics and risk strategy, equipping business aviation operators with data and expertise to help them analyse and mitigate risks – crucial in today’s uncertain landscape.
Insured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
Fitch Ratings Revises London Market InsuranceSector Outlook to Negative on COVID-19 Concerns
Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable (the sector outlook)
Moody's - Japan and Korea insurers remain at risk from coronavirus-related claims; sales and investment returns to weaken
· Insurers face risk of rising infections, along with business disruption and financial market volatility · Medical claims mitigated by government support and insurance caps
COVID-19 – Travel insurers expect to make record payouts to customers
Travel insurers expect to pay out at least £275 million to travellers due to the Coronavirus according to first estimates out today from the ABI (Association of British Insurers).
Ruben Nizard joins Coface North America as Economist
Ruben Nizard has joined Coface North America in the role of Economist for the North American Region including U.S.A. and Canada. Ruben in his new role will be responsible for providing in depth analysis of the North American economy, including analysis of impacts caused by current trends and global economic ...
Fitch Ratings: Global Reinsurance Sector Outlook Negative On Coronavirus Concerns
Fitch Ratings has revised its outlook for the underlying fundamentals (sector outlook) of the global reinsurance sector to negative from stable. The sector outlook revision is due to increased concerns over COVID-19, the disease caused by the coronavirus, and related impacts on the credit quality of reinsurers.Fitch’s outlook for ratings ...
Swiss Re faces $250m loss if Tokyo Olympics cancelled due to Covid-19
The reinsurer has a 15% global market share in event cancellation cover, which could now be claimed for coronavirus-related cancellations
Chris Donelan Appointed Chief Executive Officer of Sompo International’s Reinsurance Business
Bermuda based specialty insurer, Sompo International, announced today that, subject to applicable regulatory approval, Chris Donelan, currently the Deputy CEO of Sompo International (SI) Reinsurance will assume the position of Chief Executive Officer of SI Reinsurance
Coronavirus: Impact on Munich Re
Since the World Health Organization declared the outbreak of the coronavirus to be a pandemic, the world has been in a state of emergency. The drastic measures taken by the affected countries to contain this pandemic underline the seriousness of the situation – for societies, the economy, and every individual.
AXA XL launches new insurance solution for autonomous vehicles
AXA XL has launched a new insurance solution to cover the risks associated with autonomous vehicles.
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Sapiens to partner with HazarHub
Sapiens International Corp., a leading global provider of software solutions for the insurance industry, today announced it has entered into an agreement to partner with HazardHub, a third-generation provider of property-level hazard risk databases. The company’s scientists convert massive amounts of geospatial digital data into easy-to-understand and actionable risk assessments.
Big Question April 2020: Are insurers right to refuse coronavirus business interruption cover?
Coronavirus cases are mounting daily, the death toll is rising and airlines like Flybe as well as retailer Laura Ashley are filing for administration as sales take a nosedive. Many businesses are going into lock down to contain the spread of the virus and protect their staff, but are insurers ...
SCOR's Exec Committee says “COVID-19 - We in the (re)insurance industry have a leadership role to play now”
In a letter published this week - SCOR’s Executive Committee calls upon organisations and individuals to take immediate action to slow down the spread of COVID-19.
FCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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