UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers April 27, 2020 By Sid Verma British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
Aon’s Reinsurer Trading Portal, ABConnect, Receives Accreditation from Lloyd’s April 22, 2020 Insurance and reinsurance broker Aon has received accreditation from Lloyd’s for its reinsurer trading portal, ABConnect Placements. Following the recent...
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...
Sompo Int’l to Exit Lloyd’s, Writing New Business from London Company Market Platform April 15, 2020 Sompo International Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, announced that as part of...
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...
Lloyd’s Picks 12 Insurtech Startups for Next Cohort of Its Innovation Lab April 9, 2020 Lloyd’s has selected 12 insurtech startups to participate in its innovation accelerator, Lloyd’s Lab. The 12 teams were chosen out...
Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 Biz Income Claims April 6, 2020 By L.S. Howard A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to...
Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis April 3, 2020 Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal March 27, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...