Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
Willis Re Taps Moss from Lockton Re as Co-Head of Specialty Casualty Unit in London July 8, 2020 Willis Re, the reinsurance division of Willis Towers Watson, announces the appointment of James Moss as co-head of Willis Re...
Generali Offers Remote Facility Inspection for Firms Coping with COVID-19 Travel Bans July 8, 2020 Generali’s P&C unit Global Corporate & Commercial (GC&C) Iberia & LatAm has developed a new system for remote facility inspection...
Lloyd’s Market Assn. Launches Delegated Authority Group to Set Future Business Model July 8, 2020 The Lloyd’s Market Association (LMA) has launched a Delegated Authority Committee (DAC) to inform and guide the evolution of this...
Lloyd’s Innovation Accelerator Focuses on COVID-19 Market Response with 3 Insurtechs July 8, 2020 Lloyd’s has started work with three insurtech startups to help the market respond to the COVID-19 pandemic. As part of...
QBE Sells Stake in India Insurance Joint Venture to Fintech Platform Paytm July 8, 2020 India’s financial technology platform Paytm is set to acquire Mumbai-based private sector general insurer Raheja QBE General Insurance Co. Ltd....
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims July 8, 2020 By Susanne Sclafane How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance...
Aviva’s New Boss Has One of Toughest Jobs in European Finance: Opinion July 8, 2020 By Chris Hughes, Bloomberg Opinion It’s time for someone else to have a go at one of the toughest jobs in European finance: deciding the...
AXA XL Names McGovern as CEO UK & Lloyd’s Market July 8, 2020 AXA XL announced that Sean McGovern has been appointed as CEO UK & Lloyd’s market, subject to regulatory approval. McGovern...
New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses July 8, 2020 By Carolyn Cohn Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums –...