Allianz

Inflation will define priorities such as a focus on safeguarding clauses and pricing transparency, as well as line of business challenges, for underwriters and actuaries in the year ahead.

The carrier is launching into the downstream energy market as part of an international primary lines expansion.

Clubs including Arsenal, Aston Villa and Leicester City are claiming against insurers.

The transaction will eliminate Enstar’s direct exposure to cat business and boost its book value.

The business unit continued its run of post-remediation profitability, posting a combined ratio of 95%.

The carrier has posted healthy returns following a period of extensive remediation of its portfolio.

The loss comes hard on the heels of a large BI claim stemming from the Freeport LNG refinery.

A case against Fireman’s Fund reversed an earlier decision that Covid-19 cannot cause physical damage.

The insurer also found that fire and explosion remained the most costly source of claims, defying efforts to improve risk management.

Guy Money, global head of product at AGCS, has been appointed global head of multinational business.

The suit is the latest in a series of Covid-19 BI legal actions hinging on aggregation brought against insurers.

The recruit will report to recently appointed Europe CEO Olaf Jonda.