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ICA ups Queensland and NSW floods claims estimate to A$438mn

The industry association reports that about 29,213 claims have been received so far.

Anna Sagar, 29 March 2021
Allianz considers making bid for The Hartford: report

The German carrier is reportedly wary of Chubb’s bidding firepower because of the lack of synergies any takeover would yield.

Rachel Dalton, 29 March 2021
UK, EU forge regulatory pact as BoE ‘clamps down on Brexit moves’

The MoU amid suggestions a spat about the substance of Brexit hubs could jeopardise equivalence designations.

Anna Sagar, 29 March 2021
Opinion: The net tightens in Florida

Willis Re data on Florida participants’ deteriorating CoRs and solvency highlights the challenges to be faced at this year’s 1 June renewal.

Rachel Dalton, 29 March 2021
Insured losses from US storms to reach hundreds of millions of dollars: Aon

Strong winds, large hail and tornadoes cause significant damage across the southern plains, southeast and Tennessee Valley.

Anna Sagar, 26 March 2021
Substantial marine losses inevitable from Suez Canal chaos

Containership Ever Given is lodged in the waterway, and sources said that the largest impact is expected to be felt by the P&I market.

Samuel Casey, 26 March 2021
Greenlight Re Innovations invests in trade credit InsurTech Nimbla

The London company will use the funding to expand into new territories, develop new products and improve distribution.

Anna Sagar, 26 March 2021
The Week in 90 Seconds

The Week in 90 Seconds: Biometric data and cyber; Greensill collapse; Guy Carpenter’s Priebe on pandemic risk; Texas storm; Marsh McLennan’s Glaser

Rachel Dalton, 26 March 2021
Willis’ Gras Savoye sale in scope as Aon merger reviews continue: report

The potential disposal may help to alleviate competition concerns within the French market.

Rachel Dalton, 26 March 2021
IAG pegs net flooding loss at A$135mn

The Australian carrier’s quota share will pick up some losses, while 38% of the deductible on its aggregate cover is eroded.

Rachel Dalton, 26 March 2021

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