All News articles
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NewsSenior level decisions amid Covid-19 could spark fresh class action
Marsh discussed some exclusions that may arise and legal issues during its briefing on the pandemic last week
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News
KBRA Releases Research – Coronavirus (COVID-19): Global Insurance Update
Kroll Bond Rating Agency (KBRA) releases updated views about COVID-19’s implications for the global insurance sector. COVID-19 is now officially a pandemic with unprecedented consequences. In this report, KBRA updates our previous views on the implications of the COVID-19 crisis for the life and property and casualty (P C) ...
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Working from home hard to implement for some businesses during Covid-19
In a briefing last week, Marsh also revealed the four areas that businesses should prioritise during this global outbreak including regular communication with staff
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News
Guy Carpenter and RiskGenius announce collaboration to revolutionize silent cyber analysis
Guy Carpenter announced today that it has entered into a strategic relationship with RiskGenius, to revolutionise the detection and qualitative analysis of silent cyber exposure across various lines of business.
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People & Opinion
AIG hires Gero Michel to head up risk analytics
AIG has appointed Gero Michel to a new role that will see him heading up risk analytics across the reinsurance related brands of Validus, Talbot and the ILS specialist unit AlphaCat. Michel took on the role of Head of Risk Analytics, AIG Re in February of this year, joining ...
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Covered California releases the first national projection of the coronavirus (covid-19) pandemic’s cost to millions of Americans with employer or individual insurance coverage
Covered California on Monday released the first national projection of health care costs due to the coronavirus (COVID-19) pandemic. The analysis estimates the projected costs for 170 million Americans in the commercial market — which includes the individual, small-group and large-group markets — for testing, treatment and care specifically related ...
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News
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. Founded in 1990, Jurado Mata has provided a range of affinity, commercial and personal lines solutions to a range of Spanish ...
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News Agenda
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.
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Insured property market loss from Storm Ciara estimated at €1.5bn
Claims data from affected insurers shows that Germany was the country most impacted
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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)
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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
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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).
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People & Opinion
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 ...
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News
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 ...
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News
Professional body offers guidance on preparing for ‘surge events’
The CII’s claims society publishes a guide to help insurers deal with the increase in claims activity linked to coronavirus
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News
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
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News
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
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News
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. ...
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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. ...
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