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Hiscox flags modest BI deterioration with only 1/3 of policies to pay out

Shares in the carrier recover from initial losses following a ruling by the Supreme Court that came down largely in favour of insureds.

Samuel Casey, 15 January 2021
Canopius still ‘committed to’ renewables as final team member departs

Sophie Irvine was the only renewable energy underwriter left after Canopius’ Netherlands-based team left the business last year.

Anna Sagar, 15 January 2021
Supreme Court sides with FCA in BI test case in major blow for insurers

Judges dismiss insurers’ appeals and overturn the famous Orient Express ruling.

Samuel Casey, 15 January 2021
Lloyd’s Europe post-Brexit overhaul an ‘issue not a crisis’

A regulator-mandated restructuring of the relationship between managing agents and the Brussels hub will, however, add cost.

Laura Board, 15 January 2021
New capacity to stabilise hard D&O market after tumultuous 2020

Conditions remain favourable for underwriters but uncertainty remains on whether the recession will lead to a flood of claims.

Samuel Casey, 15 January 2021
Supreme Court BI ruling ‘manageable’ for insurers: analysts

But Barclays warns the judgment could result in more substantial loss creep for major European reinsurers.

Kit Heren, 15 January 2021
Downstream energy global losses for 2020 below $2bn: Marsh JLT

Losses are “within expected tolerance levels”.

Anna Sagar, 14 January 2021
MMC pledges to become carbon neutral during 2021

The broking and consultancy giant says it will also reduce carbon emissions to 15% below 2019 levels by 2025.

John Hewitt Jones, 14 January 2021
IoD lobbies government over rising business insurance costs: report

Rising professional indemnity and D&O rates are deterring companies from tendering for public contracts, the organisation said.

Samuel Casey, 14 January 2021
First risk bound via Lloyd's Global Health Risk Facility

THB and Armfield Harrison & Thomas place the policy for a medical supply chain firm.

Rachel Dalton, 14 January 2021

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