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Zurich Insurance claims victory in UK BI test case
The Swiss carrier says any increase in P&C claims arising from the ruling won’t materially impact its earlier assessment of $750mn in Covid-19 claims.
Laura Board
,
15 September 2020
Denial of access rulings favour insurers in FCA test case
The verdict has been hailed as a victory for the regulator and policyholders but many individual decisions on wordings favour insurers.
Samuel Casey
,
15 September 2020
Covea and Swiss Re appoint arbitrators over BI claims: report
The insurer could have total gross losses of more than EUR500mn, according to a French publication.
Lucy Jones
,
15 September 2020
Climate change ‘protection gap’ requires new covers: (Re)Connect panellists
Micro-insurance and parametric products show promise in extending cover, speakers said.
Jeff Kuntz
,
15 September 2020
(Re)Connect Day 2: Capital, capital, capital
Who is raising it, how much it will cost, and how best to use it – a round-up of the key points from the second day of (Re)Connect virtual conference.
Catrin Shi
,
15 September 2020
Axis Re makes insider Rodriguez international credit and surety head
The reinsurance business of Axis Capital is currently recruiting for the parallel role of North America mortgage and surety head.
Laura Board
,
15 September 2020
Premia makes Grint managing agency chief as European president Szalkai prepares to depart
The former Charles Taylor Managing Agency CEO joins its acquirer.
Adam McNestrie
,
15 September 2020
FCA BI judgment: The industry and business respond
Lloyd's welcomes the ruling, while the ABI claims it "divides equally" between policyholders and insureds.
Rachel Dalton
,
15 September 2020
Darag completes reinsurance transfer with Axeria Re
The original cedant is a French P&C, motor and D&O specialist.
Anna Sagar
,
15 September 2020
RSA aggregate deal to pick up share of £104mn Covid losses
Reinsurance recoveries and a drop in overall claims will offset the BI loss hike.
Fiona Robertson
,
15 September 2020
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