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NewsThe future of supply chain risk management
The COVID-crisis has prompted a period of introspection as organisations question how to best structure their supply chains and manage their risk
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Lloyd’s Brexit transfer gets final High Court approval
Lloyd’s of London has confirmed that it has received its final approval from the High Court of England and Wales to transfer EEA policies to Lloyd’s Insurance Company SA.
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Australia Business Interruption test case raises more questions than answers for Insurers
The judgment handed down by the New South Wales Court of Appeal brings into sharp focus the potential downside risk for the industry.
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Kessler sees double-digit reinsurance rate rises
SCOR, one of the world’s largest reinsurers, has faced large claims due to the coronavirus pandemic as well as losses from hurricanes in the United States.
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Action needed to spur British government-backed pandemic insurance, says project chair
Stephen Catlin, chairman of the Pandemic Re Steering Committee, a British industry group, said he had hoped in early June that a launch would be possible in 2021.
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2021 to bring ecopolitical turbulence - International SOS
Employers will need to go through an evolution in their Duty of Care provisions, just as they did post 9/11
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Howden buys cyber and technology-focused broker
For Howden, the purchase highlights the value that the broker sees in the “fast-growing” cyber product line, gives it an enhanced retail cyber platform and boosts its market presence in the US wholesale sector.
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Briefing: ComparetheMarket shows how weak insurers are versus intermediaries
ComparetheMarket’s abuse of power is remarkable. Distribution’s grip on insurers continues to grow. Can it be stopped?
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Too many brokers looking for ‘easy short-term answers’ to solve profitability
An Insurance Times expert webinar panel discussed how brokers can future proof their businesses post-pandemic
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Saudi Re inks reinsurance contracts with Probitas, GWPs estimated at SAR 177 mln
The company added that the gross written premium (GWP) is estimated at SAR 177 million, highlighting that the contracts will have a positive impact on boosting GWP and the financial impact will be reflected from FY 2021.
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Hippo Insurance raises a fresh $350M
Insurtech unicorn Hippo closed a $350 million round to help it expand into more of the U.S. The money will be used to roll out in new states, helping Hippo get to its goal of reaching 95 percent of U.S. homeowners in the next year.
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German insurers in ‘final stages’ of credit backstop extension talks
German insurers are in the final stages of negotiating a six-month extension to a COVID-19 credit insurance backstop with the German government.
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Beazley boss upbeat on 2021 after COVID-19 losses
Next year could be one of Beazley’s strongest for more than a decade, the Lloyd’s of London insurer’s chief executive said on Tuesday, with the industry likely having already absorbed the bulk of its losses from the coronavirus pandemic.
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DIFC Signs Agreement with leading Israeli Bank - Bank Hapoalim
Dubai International Financial Centre (DIFC) has entered into an agreement with Bank Hapoalim, one of Israel’s largest banks.
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UAE’s new foreign ownership law has what it takes to drive new business, investments
Changes to Commercial Companies Law can also lift stock markets with 70% rule
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IAG and EQC settle costs from Canterbury earthquake claims
Earlier this month, IAG welcomed an announcement from the Earthquake Commission (EQC) and Insurance Council of New Zealand (ICNZ) outlining changes designed to make natural disaster insurance claims more streamlined for customers.
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After big tests, ILS market shows resilience
Willis Towers Watson: 2020 Global Insurance-Linked Securities Market Survey Report
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EG: More than 50% of workers say working from home has negatively impacted their mental health
The results of the EG mental health survey launched in September 2020 underlines the importance of the office and the return to the workplace for individual wellbeing.
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Arch Insurance reveals SME terrorism product to combat evolving risks
Arch Insurance (UK) Limited has unveiled a new terrorism insurance product for the UK regional market, to cater for evolving risks for SMEs
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Brit’s syndicate Ki onboards its first broker trading partners ahead of New Year launch
Ki’s broker partners include Aon, Gallagher and Marsh among many others
