Business Moves: Arch Insurance Acquires Insurtech Thimble April 11, 2023 Arch Insurance today said it has acquired Thimble, an insurtech platform that enables small businesses to get insurance coverage by...
8 Reinsurers Provide $897M Cover for Lloyd’s Central Fund with Aon as Placing Broker June 21, 2021 Lloyd’s announced the marketplace has secured a five-year £650 million ($897 million) reinsurance cover for its Central Fund—a move that...
Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims January 15, 2021 By Kirstin Ridley and Carolyn Cohn Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts...
Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic November 16, 2020 By Carolyn Cohn and Kirstin Ridley Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic...
Insurers Drop Appeal Against UK Court Ruling on 3 COVID Business Interruption Policies October 22, 2020 By Sinead Cruise Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims...
Arch Estimates Q2 Catastrophe Losses Could Hit $225M, Which Include Pandemic Claims July 15, 2020 Arch Capital Group Ltd. has estimated a range of pre-tax catastrophe losses of $205 million to $225 million in the...
Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million April 16, 2020 Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145...
Arch Insurance (UK) Ltd. Acquires UK MGA Axiom Underwriting April 3, 2019 Arch Insurance (UK) Ltd., part of Bermuda-based Arch Insurance International, has completed the acquisition of UK managing general agency Axiom...