All News articles – Page 174
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NewsFitch 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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NewsMoody'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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NewsCOVID-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 & OpinionRuben 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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NewsFitch 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 ...
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NewsProfessional 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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NewsSwiss 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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NewsChris 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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NewsCoronavirus: 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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Online onlyAXA 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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Online onlySapiens 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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NewsBig 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 ...
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Online onlySCOR'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.
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Online onlyFCA 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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Online onlyInsurtech steps in to ease financial burden on freelancers caused by Covid-19
It follows the increasing preassure put on freelancers during the coronavirus outbreak
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Online onlyMass move to work from home in coronavirus crisis creates opening for hackers: cyber experts
As people disperse to their homes to work and study because of the coronavirus pandemic, taking their laptops and company data with them, cyber security experts say hackers will follow, seeking to take advantage and infiltrate corporations.
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Online onlyHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Sister title, Insurance Times reviews the current lay of the land in the industry sectors most affected
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Online onlyEIOPA statement on actions to mitigate the impact of Coronavirus/COVID-19 on the EU insurance sector
Insurers are likely to face progressively difficult conditions in the immediate future, both in terms of navigating challenging market conditions and in maintaining operations, while taking steps to protect employees and customers.
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Online onlyMaiden Holdings announces fourth quarter 2019 and year-end results
Maiden Holdings today reported a fourth quarter of 2019 net loss attributable to Maiden common shareholders of $21.5 million compared to $269.2 million in the fourth quarter of 2018. Non-GAAP operating loss(5) was $3.5 million in the fourth quarter of 2019 compared with $212.4 million in the fourth quarter of ...
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Online onlyBMS appoints Jonah Pfeffer as US Chief Casualty Officer
BMS Group today announced the appointment of Jonah Pfeffer as Chief Casualty Officer at BMS Re US, effective immediately.
