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EC reportedly to grant UK data ‘adequacy’ later this week

The decision removes the risk of a “cliff edge” when temporary leeway according in the Brexit trade deal expires later this year.

Anna Sagar, 15 February 2021
AIG’s Duperreault to step down from executive chairman role at year-end

The insurer has agreed a new $17mn pay deal with CEO Zaffino, while Duperreault will receive up to $11.5mn in long term incentives.

James Thaler, 12 February 2021
Compre gains Lloyd’s green light for RITC syndicate launch

The new launch will be managed under an Apollo turnkey, and looks set to take on run-off liabilities from the Lloyd’s carrier.

Catrin Shi, 12 February 2021
Aon to give staff extra paid time off to get Covid-19 vaccine

Our highest priority remains protecting the health, safety and wellbeing of our colleagues, said CEO Case.

Bernard Goyder, 12 February 2021
ILS structures could be used to cover pandemic risk: EIOPA

The European (re)insurance supervisor said correlation to financial market risk made the idea a challenging one while reinsurance appetite is also very limited.

Kit Heren, 12 February 2021
Fairfax ‘well positioned to expand significantly’ in hard market: Watsa

The CEO said pricing was going up by 10%-30% and that terms were being tightened globally.

Anna Sagar, 12 February 2021
Optio launches in marine with Seacurus’s Bailey

Bailey will write marine war and kidnap and ransom business out of London.

Samuel Casey, 12 February 2021
‘Shocking’ impact of Axa XL London D&O exit to be felt in 2021: Gallagher

The broker said that the carrier’s decision had forced some clients to rebuild policies from scratch.

Samuel Casey, 12 February 2021
ABI calls for ‘high bar’ in establishing pandemic backstop

The body said that government-backed insurance schemes are not always the answer and are complex to establish.

Samuel Casey, 12 February 2021
LMG adds Zurich UK’s Kuchinski to board

The executive will replace incoming Lloyd’s chief of markets Patrick Tiernan.

Rachel Dalton, 12 February 2021

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