Lloyd’s Gathers Business Interruption Data for UK Regulator April 20, 2020 Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...
Hiscox Withdraws 2020 Financial Guidance, Cancels Dividend Payment on COVID Crisis April 8, 2020 Hiscox Ltd. is withdrawing all financial guidance for 2020 as a result of the uncertainties connected to the coronavirus crisis....
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
Insurers Rush to Exclude Coronavirus Epidemic from Event-Cancellation Protection February 13, 2020 By Carolyn Cohn and Noor Zainab Hussain Businesses looking to buy cancellation insurance for events around the world will not be able to get cover for the...
BPB UW Management Launches Underwriting Agency as MGA Incubator January 14, 2020 BPB UW Management Ltd (BPBUW) has launched an underwriting agency focused on nurturing individual MGA businesses. Its executive team is...
MS Amlin Launches Specialist Equine MGA, David Ashby Underwriting January 13, 2020 MS Amlin, the London-based re/insurer, announced the launch of David Ashby Underwriting Ltd (DAU), a specialist equine MGA. MS Amlin...
Lloyd’s Launches Space Insurance Policy for Emerging Private Space Sector December 5, 2019 Lloyd’s has launched a new multi-million-pound space insurance policy for the emerging private spaceflight industry. The product is designed to...