All News articles – Page 152
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NewsMore woes for travel insurers and customers as Covid corridor to France shuts
Those travelling from France and a series of other countries will have to quarantine upon returning to the UK
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ViewpointsLong-term governance failures caused Beirut blast
Governmental shortcomings were to blame for the explosion in Lebanon, according to risk experts, who say lessons can be learned from the incident
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NewsMauritius: ‘Most of the oil’ removed from damaged ship
Japan P&I Club, the only organisation in Japan that underwrites protection and indemnity (P&I) insurance for ocean-going vessels and coastal ships, said it had yet to estimate the cost of the clean up. “We are trying to make internal estimates under different scenarios …including the worst and the best, but ...
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NewsBusiness owners can sue insurer over COVID-19 losses: US judge
A federal judge in Missouri said on Wednesday that a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they say caused a “direct physical loss” to their premises.
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NewsQBE reveals $335m Covid-19 hit in half year results
QBE has taken a $335m underwriting hit as a result of the Covid-19 pandemic over the course of the first six months of 2020.
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NewsNeil Utley set for £70m windfall from Hastings sale
Former Hastings chairman Neil Utley is set to make more than £70m after Finnish insurer Sampo and existing investor Rand Merchant Investment Holdings Limited (RMI) announced they were launching a £1.7bn bid to buy the business for 250p per share.
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NewsSaudi Re signs contract with Malath Insurance
Saudi Reinsurance Company (Saudi Re), announced the signing on an exclusive reinsurance contract with Malath Insurance Company, on behalf of the Saudi insurance industry, to provide reinsurance coverage on the Inherent Defects Coinsurance Programme.
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NewsZurich Insurance operating profit falls 40% after COVID-19 hit
ZURICH (Reuters) - Zurich Insurance’s (ZURN.S) first-half operating profit fell 40% to $1.7 billion, the Swiss company said on Thursday, as payouts linked to the COVID-19 pandemic and weaker financial markets dented its business.
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NewsUK life insurers pay 90 million pounds in COVID-19 claims - trade body
British life insurers paid 90 million pounds in claims related to deaths from the COVID-19 pandemic in the three months to end-May, the Association of British Insurers (ABI) said on Thursday.
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NewsEurope Relaunches the idea of a ‘Pandemic Risk Pool’. Eurochambres Signs a Memorandum of Understanding with Generali to promote it
The participation to the ‘Pandemic Risk Pool’ project is expected to be broadened to involve European institutions, EU Member States and other leading European players in the creation of Public-Private Partnerships and mechanisms that will provide a buffer against future risks.
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NewsSwiss Re Institute estimates global insured catastrophe losses of USD 31 billion in first half of 2020, mostly from secondary perils
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were USD 75 billion, according to Swiss Re Institute’s preliminary sigma estimates.
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NewsLloyd’s Lab selects ten new InsurTechs for fifth cohort focused on COVID-19 risks
More than 140 applications were received from across the world for the fifth cohort of the Lloyd’s Lab, which begins 7 September 2020.
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NewsSCOR collaborates with Verisk to develop the EHR Triage Engine for the US Life Underwriting Market
In an era of increased amounts of electronic data and competitive advantages of fast underwriting decisions, SCOR recently partnered with Verisk, a leading data analytics provider, to develop a new tool that helps Life insurers to fast track applications, by using data from consumer-authorised electronic health records (EHRs). ...
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NewsInsurers shine spotlight on shipping container loss incidents
The extent and pace of growth in container volumes have put strains on a wide range of operational procedures
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People & OpinionCharles Taylor Welcomes Arjun Ramdas as Chief Executive Officer of InsureTech
Charles Taylor, the leading provider of services and technology solutions to the global insurance market, has today announced that Arjun Ramdas will join the firm as Chief Executive Officer of Charles Taylor InsureTech, effective September 2nd
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NewsFINEOS Acquires Limelight Health
FINEOS, the global market leader in core systems for life, accident and health insurance, has entered into an agreement to acquire Limelight Health, a leading North American provider of quoting, rating and underwriting solutions for group and voluntary employee benefits, for $75M US.
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NewsAPAC commercial insurance pricing up 31% in Q2
COVID-19 related losses among the factors driving up insurance pricing - Marsh
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People & OpinionChubb Appoints Paul Krump Vice Chairman, Global Underwriting and Claims
The appointment is effective September 1, and Mr. Krump will report jointly to Evan G. Greenberg, Chairman and Chief Executive Officer, and to John Keogh, Executive Vice Chairman and Chief Operating Officer.
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NewsGlobal Commercial insurance pricing up 19% in Q2 - Marsh
The increase is the largest since the index was launched in 2012 and reflects increased loss experience
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NewsMonsoon floods inflict $20 billion of damage in July
Much of the physical damage to property, infrastructure and agriculture is expected to be uninsured - Impact Forecasting
