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The Supreme Court BI ruling is a judicial catastrophe, but one where XoL reinsurance recoveries look uncertain
Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
Adam McNestrie
,
18 January 2021
QBE increases risk margin following UK Supreme Court ruling
The carrier's 2020 net loss estimate remains intact after the buffer for potential Australian BI losses.
Anna Sagar
,
18 January 2021
RSA says Supreme Court judgment unlikely to affect BI claims estimate
The carrier still expects net losses from Covid-19 to cost about £62mn.
John Hewitt Jones
,
16 January 2021
Beazley stresses ‘account-by-account’ cyber approach
The carrier becomes the latest to review policies in order to manage exposures.
John Hewitt Jones
,
15 January 2021
Key findings in the FCA case overturn BI insurance precedent
The ruling broadens the coverage available and alters the operation of trends clauses.
Samuel Casey
,
15 January 2021
AssuredPartners to acquire UK’s Borland Insurance
The purchase is the Florida-based broker’s fourth UK acquisition and gives it a presence in Scotland.
Anna Sagar
,
15 January 2021
Ex-Ironshore CEO Deutsch to join ERS board
He will join fellow Ironshore alumnus Kevin Kelley, who is taking on the role of non-executive chairman.
Adam McNestrie
,
15 January 2021
Miller makes trio of hires to start new private client team
Katie Small, Nick Gavin Powell and Michelle Suckling are set to join the business in the second quarter of this year.
Anna Sagar
,
15 January 2021
The Week in 90 seconds: FCA BI appeal verdict, broker M&A surge, ten themes for 2021
Plus a mixed week for Lloyd’s, the asbestos potential of Covid-19 claims and a round-up of our most-read stories from the week.
Catrin Shi
,
15 January 2021
Chubb CFO Bancroft retires, with banker Enns lined up as successor
The outgoing finance chief will stand down in July but stay on in an advisory capacity until the end of the year.
Anna Sagar
,
15 January 2021
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