S. African Insurers Are Pushed to Pay COVID-19 Business Interruption Claims July 2, 2020 Virus-related claims from just over 500 small South African firms battling insurers who have rejected them are worth up to...
COVID-19 Could Rank Among Re/Insurance Sector’s Most Expensive Events: Carpenter June 25, 2020 Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector’s most...
UK Insurer Saga Refunds £44M to Customers on COVID-19 Travel Interruptions June 22, 2020 Saga has refunded 44 million pounds ($54.45 million) of advance payments to customers whose travel was interrupted by the coronavirus...
Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B June 19, 2020 Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last...
Markel International Exits Personal Accident, Contingency Insurance on COVID-19 Impact June 18, 2020 Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely...
Lloyd’s Insurers Get Ready to Re-Open in September After Coronavirus Lockdown June 18, 2020 Clear screens on underwriting boxes, temperature-check thermal cameras and a click and collect take-away catering service are among changes Lloyd’s...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold June 16, 2020 By Tope Alake and Anthony Osae-Brown Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute June 15, 2020 By L.S. Howard The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business...
South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims June 12, 2020 By Roxanne Henderson A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected....
How Coronavirus Could Further Stress an Already-Stressed D&O Insurance Market June 12, 2020 Players should expect the directors and officers insurance market to “undergo radical changes” based on 2019 results and the “unprecedented...