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The Hartford board unanimously rejects $23.2bn Chubb takeover offer
Chubb made an unsolicited bid for the carrier last week at a 25% premium on its weighted average share price.
Samuel Casey
,
23 March 2021
Sequel works with managing agents to develop London Market data standards
The initiative is designed to improve trading efficiency and reduce data double-entry.
Samuel Casey
,
23 March 2021
Property D&F market faces up to $100mn Uri claim from Texas schools fund
The claim from the TASB Risk Management Fund is one of the first pieces of loss information to come to light following the Texas deep freeze.
Catrin Shi
,
23 March 2021
FCA gives carriers until end of year to implement ‘price walking’ reforms
The regulator extends its deadline from September after industry lobbying.
Anna Sagar
,
23 March 2021
NSW floods place further 15,000 people on evacuation notice
Carriers have received around 11,700 claims so far, with disruption to activity at the coal export hub of Newcastle.
Anna Sagar
,
23 March 2021
General aviation rate momentum slows in 2021
Capacity has stabilised after several exits, and there are “shoots of recovery” in performance, but disagreement remains around rate adequacy.
Anna Sagar
,
23 March 2021
Lloyd’s partners with start-up Bounce for NZ parametric quake risk
The product leverages real-time GeoNet data to automatically pay customers within five days following a strong earthquake.
Catrin Shi
,
22 March 2021
FCA puts post-ruling Covid BI claims payout tally at £472mn
Hiscox entities have accepted 253 claims so far, compared with 3,210 for Covea, the regulator says.
Rachel Dalton
,
22 March 2021
Fidelis promotes Coulson to insurance CEO in management reshuffle
Richard Coulson, Richard Holden and Philip Vandoninck will all take on more senior roles.
Adam McNestrie
,
22 March 2021
QBE says it has no credit exposure to Greensill
The announcement came after Australian Securities and Investments Commission said it had been investigating insurers’ exposure.
Anna Sagar
,
22 March 2021
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