Property

The campaign group wins the right to intervene in the key BI Covid-19 action.

In robust arguments carriers dispute the causation of losses and the nature of specific wordings.

Scott Mackie reports to property treaty SVP Richard Mairano.

Almost half the companies surveyed fail to confirm they expect to continue to meet the rules.

William Steinberg was senior vice president and commercial property head at the AIG unit.

Antares Underwriting CEO Joe Battle and head of ceded reinsurance Richard Anson are expected to leave the firm following a strategic review of the business by parent company QIC.

Carriers must “stop the clock” on claim time limits from today until the court outcome.

The prospect of a fourth consecutive year of underwriting losses and Covid-19 uncertainty has spurred additional rate momentum since January.

The regulator’s interim chief says 90 percent of cover is for basic property damage.

The appointment is part of BMS’s wider expansion in the reinsurance space.

Allianz, Chubb and WRB are among the carriers that oppose the centralisation of BI claims.

A bill circulating in Congress would make the industry retain the first $250mn of pandemic risk, a proposal that has split industry opinion.