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Moody’s downgrades Aspen entities' FSR to A3

The ratings agency has lowered the carrier’s rating by a notch because of capital adequacy concerns.

John Hewitt Jones, 28 July 2020
Eiopa proposes EU role in public-private pandemic risk solution

The (re)insurance supervisor calls for “skin in the game” from all risk owners to reduce the risk of moral hazard arising from any state backstop.

Laura Board, 27 July 2020
Hurricane Douglas moving away from Hawaii

The storm remained offshore but lashed Kauai with rain.

Suliman Mulhem, 27 July 2020
Hiscox blasts FCA’s ‘Orwellian’ stance on government guidelines

The insurer said that the lockdown measures were “unprecedented” and were not covered in policies.

Samuel Casey, 27 July 2020
Aurous enters property D&F with Antares hire

Will Curtis will lead the new unit as property risk partner, as the MGA separately increases its energy capacity.

Anna Sagar, 27 July 2020
Hurricane Douglas skirts Kauai and brings heavy rain

Rainfall in some areas could lead to flooding and landslides.

Anna Sagar, 27 July 2020
Garmin targeted in ransomware attack following Blackbaud demand

The payment of ransomware demands is typically covered under a cyber insurance policy.

Catrin Shi, 27 July 2020
Ex-Dual chair Grant joins Oneglobal board

The former Scor UK CEO joins following the broker’s relaunch.

Rachel Dalton, 27 July 2020
Axa XL restructures UK and Lloyd’s leadership team

Three senior executives take on new roles after the appointment of Sean McGovern as permanent chief of the regional unit.

Rachel Dalton, 27 July 2020
US courts receive more than 200 casualty-related complaints over Covid-19: Praedicat

Data harnessed from a new litigation tracking product suggests the cruise and care home industry are prime targets.

Samuel Casey, 27 July 2020

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