Pol risk, credit & surety
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Curfews were imposed in 40 cities with National Guard being deployed in 15 states and Washington DC.
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Rioters in Minneapolis defy military imposed curfew.
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The executive switches to broking after working at Hiscox for nearly 12 years.
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The Netherlands joins Germany and France as countries which have backstops in place.
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Details of the scheme, which is slated to run until the end of the year, are yet to be determined.
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Euler Hermes, Atradius and Coface collaborate with state agency Export Development Canada.
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There is concern that Covid-19 could cause political instability in stressed areas and lead to losses. -
Consolidated earnings fall 21 percent but the underwriting ratio of the open market business improves.
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The trade credit insurer plans to reduce or remove credit limits in the absence of a deal with the government.
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Available reinsurance capital could shrink in the line, which does not exclude pandemics, the broker notes.
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Within specialty, political risk is the sole line tipped for increased premiums.
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The ABI has submitted a proposal to ministers designed to keep the market open.
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