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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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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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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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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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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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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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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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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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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 ...
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DWIC interview: Andy Rogers, co-CEO, Amdaris
David Benyon, editor, Global Reinsurance speaks with Andy Rogers, co-CEO of Amdaris and Adrian Sutherland, CTO, Jumar about how technology is transforming (re)insurance.
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Reinsurer ROE near cost of capital
Sponsored: Aon’s Reinsurance Solutions business has completed its study of reinsurers’ financial performance in the first half of 2018. Head of Market Analysis Mike Van Slooten tells David Benyon that alternative capital approached the $100bn mark at the half-year stage, while traditional reinsurers are battling to cover their cost of ...
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How cyber modelling can help underwriters make accurate decisions
Sponsored: Swiss Re’s Eric Durand discusses how underwriting trends and cyber modelling/data analytics from reinsurers can help underwriters make more accurate decisions
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Munich Re to focus cyber strategy on SMEs
Doris Höpke revealed 90% of Munich Re’s cyber book is made up by SME clients, who she says are disproportionately affected by cyber attacks compared to larger corporates
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Russian losses drive pricing rises, demand set to rise
Hannover Re’s Alexandre Guerassimenko says Russian losses will drive rate increses in the affected programmes
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GR Innovation & Insurtech Bermuda: Global leader in AI to open upcoming insurtech event
With less than a month to go until Global Reinsurance ’s Innovation Insurtech event in Bermuda, we caught up with our keynote, Rob High, chief technology officer at IBM Watson, to discuss the future of AI and what it could mean for the industry
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Smaller brokers pushing boundaries amid consolidation – Lockton Re’s Waterkeyn
Fewer, bigger clients in established markets leads smaller broker to other growing regions, Lockton Re told GR in Baden-Baden
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RMS director urges companies to consider Europe flood risk
Alexander Schneider told GR insurers and reinsurers have taken their eye off European flood risk
