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South African insurer Santam to appeal Covid-19 BI ruling
The insurer was ordered to pay out for policies by the Western Cape High Court earlier this week.
Samuel Casey
,
20 November 2020
Three external candidates in the running for Scor top job: report
Emmanuel Clarke, Frédéric de Courtois and Benoît Ribadeau-Dumas reportedly compete with insiders including Laurent Rousseau.
Rachel Dalton
,
20 November 2020
Parametric covers breaking new ground in 2020: Miller
The busy storm season, Covid-19 uncertainty and a hardening market are driving demand.
Kit Heren
,
20 November 2020
Swiss Re reveals $1bn Covid-19 BI claims
The carrier sets a 2021 normalised CoR target of 96%.
Rachel Dalton
,
20 November 2020
Hendrick's Vantage heads for reinsurer-only launch as it secures A-rating
The start-up envisages expansion into insurance “in the coming years”, AM Best said.
Bernard Goyder
,
20 November 2020
IAG targets A$750mn equity raise following court BI decision
The Australian carrier takes a A$865mn provision for BI losses following the unfavourable court ruling.
Rachel Dalton
,
20 November 2020
Axa XL and Patria Re – the elephant and the grasshopper
What really moves the needle at Lloyd’s is when the biggest beasts start to draw in their horns.
Catrin Shi
,
20 November 2020
Suncorp BI reserves unaffected by Australian Covid test case ruling
Both Suncorp and QBE said multiple tests applied to trigger BI coverage, with QBE saying aggregate reinsurance should mitigate net exposure.
Jeff Kuntz
,
19 November 2020
Insurers warn of ‘dangerous’ precedents as Supreme Court adjourns
The court said that it would work quickly to produce a judgment but it could not guarantee publication this year.
Samuel Casey
,
19 November 2020
Covid losses to approach 2017 cat claims level: Carnegie-Brown
The Lloyd’s chairman reportedly warns that pandemic-related losses will exceed the Corporation’s earlier estimate of $107bn.
Anna Sagar
,
19 November 2020
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