Legal
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Australian carrier ups coronavirus BI provision to A$195mn.
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The regulator also suggests Covid-19 loss assumptions in casualty classes may be over-optimistic.
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The sanctions will further complicate the delayed construction of the 2,460 km pipeline between Russia and Germany.
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Justice Grossman ruled that the former AIG CEO could not prove that the defendant “acted with actual malice”. -
The fundamental issue of causation, as well as trends clauses and the Orient Express judgment, will be under scrutiny.
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The French mutual and its CEO say they will contest the ruling issued on Tuesday by a Paris court.
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Separate criminal proceedings brought by the French reinsurer against the mutual and its chief have yet to be heard.
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Chancellor of the Exchequer Sunak says the government will take a “technical, outcomes-based approach” to the assessments.
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Amanda Lewis will lead a specialty disruption offering, including contingency, agri-contingency and legal indemnity lines.
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Wording construction, the use of counterfactuals and the notorious Orient Express ruling will all be under the spotlight.
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The CEO reports “forward momentum” after recording strong rate and GWP growth.
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Carriers expect only marginal gains and remain concerned that the UK overhaul will jeopardise equivalence.
