People Moves: Swiss Re Corporate Solutions Hires AIG’s Blattner-Hoyle to Lead Trade Finance; QBE Names AXA XL’s France as Head of Property, Europe August 10, 2021 This edition of International People Moves covers appointments at two insurers: Swiss Re Corporate Solutions and QBE European Operations. A...
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...
QBE Reports Full-Year 2020 Loss of $1.5 Billion; No Final Dividend Declared February 22, 2021 QBE officially announced a $1.5 billion bottom-line net loss for 2020 late last week, confirming a figure the Australia-based insurance...
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...
QBE Appoints Pryce as Interim Group CEO After Regan’s Forced Exit in September October 23, 2020 QBE Insurance Group announced that Richard Pryce will assume the role of interim group chief executive officer while the search...
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...
UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling September 16, 2020 By Kirstin Ridley and Carolyn Cohn LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him...
QBE Expects H1 2020 Loss of US$750M on COVID-19, Natural Catastrophe Claims July 22, 2020 QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and...