Pandemic-Hit Re/insurers Expect a Costly Hurricane Season – and Rates Are Rising June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover June 1, 2020 By Huw Jones and Carolyn Cohn Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should...
Risk Managers Expect Prolonged Recession From COVID-19: World Economic Forum May 19, 2020 Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic...
Zurich Insurance Estimates Coronavirus Pandemic Claims to Hit $750 Million for 2020 May 14, 2020 By L.S. Howard Zurich Insurance estimates that the overall property and casualty (P&C) claims from the COVID-19 pandemic will be in the region...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
Zurich Insurance’s Former CEO and Chairman Gerber Dies May 12, 2020 Fritz Gerber, a former leader of Zurich Insurance Group, has died. Gerber was 91. He passed away on May 10,...
Brand and Waterman Appointed to New Roles in Zurich’s Commercial Insurance Team May 8, 2020 Zurich Insurance Group announced it has appointed Ralph Brand as global head of Casualty, Financial Lines and Cyber, and Chris...
UK Regulator Seeks Court Review in July to Resolve COVID-19 Insurance Dispute May 8, 2020 By Carolyn Cohn and Kirstin Ridley Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July,...
Zurich Canada Appoints Snider as Head of Risk Services May 7, 2020 Chris Snider has been named head of Risk Services for Zurich Canada. Formerly the manager of Risk Services – Property,...
Two Law Firms Seek British Businesses to Join Biz Interruption Lawsuit Against Allianz May 6, 2020 Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer...