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Hiscox Action Group granted role in FCA test case

The Hiscox Action Group (HAG) has been given permission to take part in the Financial Conduct Authority (FCA)’s test case on Covid-19 business interruption (BI) claims.

Gavin Bradshaw, 10 July 2020
Wimbledon contingency cover unlikely to renew for 2021

The All England Lawn Tennis & Croquet Club (AELTC)’s contingency policy is unlikely to renew next year due to market constraints, according to the CEO in charge of the Wimbledon tennis tournament.

Gavin Bradshaw, 10 July 2020
JLT Fac’s Macdonald-Smith resurfaces at Oneglobal

Vanessa Macdonald-Smith, who resigned as CEO of the legacy JLT Fac business in April 2019, has resurfaced in the market as head of direct and facultative at Oneglobal Broking.

Gavin Bradshaw, 10 July 2020
Müller-led turnaround sets sights on ‘New AGCS’

Allianz Global Corporate & Specialty (AGCS) CEO Joachim Müller has unveiled a turnaround plan that will make the carrier “more efficient, leaner and faster”.

Gavin Bradshaw, 10 July 2020
Lawyers warn of Covid-19 liability claims surge

Insurance lawyers are anticipating a massive surge in PTSD-related claims in the aftermath of the Covid-19 outbreak, amid a wider uptick in liability claims triggered by the pandemic.

Gavin Bradshaw, 10 July 2020
Pandemic quickens A&H market hardening

A trend of capacity withdrawals from the accident and health market preceding the Covid-19 outbreak has been compounded by a growing pushback on pricing and terms and conditions following the pandemic.

Gavin Bradshaw, 10 July 2020
Upstream market dodges FPSO hijacking loss

The upstream energy market is unlikely to face a claim for the hijacking of a floating production, storage and offloading (FPSO) vessel off the coast of Nigeria earlier this month.

Gavin Bradshaw, 10 July 2020
US July cats cause insured losses in the hundreds of millions of dollars

Several US states were hit by tornadoes, heavy rainfall and large hail in July.

Suliman Mulhem, 10 July 2020
A sailor’s life

Insurers for BW Offshore’s Sendje Berge FPSO may have dodged a bullet following a pirate attack on the vessel, but the ordeal may only be beginning for the nine crew members kidnapped in the raid.

Gavin Bradshaw, 10 July 2020
Lloyd’s beats admitted lines retreat from US Virgin Islands, Kentucky and Illinois

The market hones its US focus on reinsurance and surplus lines.

John Hewitt Jones, 10 July 2020

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