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Japanese insurers pay out $1.6bn on July storms and typhoon Haishen: GIAJ

Losses were relatively evenly divided between the two events.

Jeffrey Kuntz, 21 December 2020
Australia’s Federal Court rules on exclusions in Suncorp BI case

The insurer said its reserving was still adequate after the court supported its overall approach, but said biosecurity exclusions were not sufficient to decline claims.

Anna Sagar, 21 December 2020
Allianz CEO calls for stricter FinTech oversight post-Wirecard

Oliver Bäte told the Financial Times that Wirecard’s collapse was a “symptom of a wider problem”.

Anna Sagar, 21 December 2020
Government extends UK film and TV insurance scheme sign-up to April

The scheme, which covers cast losses and civil authority losses, has also been expanded to cover cast and crew over the age of 70.

Anna Sagar, 21 December 2020
Airline Q4 renewals wrap up with 20%-30% rate increases

The Boeing loss deterioration to $2bn had prompted a burst of rate acceleration to 30% rises in November, although this was described as “short-lived”.

Anna Sagar, 21 December 2020
AIG makes it home on casualty QS despite four-point jump in cede

The insurer is also said to have scaled back its cession percentage to between 25%-30%, with final signings still being determined.

Adam McNestrie, 18 December 2020
Eiopa urges ‘extreme caution and prudence’ with insurer dividends

The regulator has said capital management action should “not exceed thresholds of prudency”.

Anna Sagar, 18 December 2020
Inigo hires Axa XL’s Patel for claims in D&O push

The appointment confirms the carrier’s prospective involvement in the rapidly hardening market.

Samuel Casey, 18 December 2020
The Week in 90 Seconds: Lloyd’s on coal; 2021 stamp capacity; Talbot leadership

Plus more on cancellation cover for the Olympics and final negotiations ahead of the 1.1 reinsurance renewals.

Samuel Casey, 18 December 2020
Brown & Brown to acquire O’Leary Insurances in European push

The Irish broker was founded in 1961 and has around 200 employees writing both commercial and personal insurance.

Anna Sagar, 18 December 2020

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