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Cannabis insurance market facing riot losses
Marijuana dispensaries in cities including Chicago, Philadelphia, Boston and Los Angeles were among the targets.
Bernard Goyder
,
24 June 2020
Insurers hit back at FCA with BI case defences
In robust arguments carriers dispute the causation of losses and the nature of specific wordings.
Samuel Casey
,
24 June 2020
Munich Re refrains from reissuing guidance
Carrier will not publish profit target for 2020 after March withdrawal.
Rachel Dalton
,
24 June 2020
Willis poised to roll out Aon deal retention bonuses
The broker is about to tell staff how the long-awaited $125mn of incentives will be allocated.
Adam McNestrie
,
24 June 2020
Hiscox Action Group seeks a role in FCA case
The group claims policyholders are not represented in the regulator’s legal action.
Rachel Dalton
,
24 June 2020
UK motor market to gain lockdown booster in 2020: EY
The business line is predicted to slip back into the red in 2021 after this year’s profit.
Laura Board
,
24 June 2020
Fidelis hires Beazley’s Clapham for contingency entry
The carrier follows Convex into the distressed market, where rates are expected to soar after damaging Covid-19 losses.
Samuel Casey
,
24 June 2020
Arch to raise $1bn through debt issue
Proceeds of the 30-year bond sale are earmarked for “general corporate purposes”.
Samuel Casey
,
24 June 2020
Compre receives approval to launch Bermuda reinsurer
The vehicle will give the legacy acquirer easier access to growth markets in North America.
Samuel Casey
,
24 June 2020
Lockton appoints Pan managing director to grow structured finance practice
The role at Lockton's Capital Markets unit is targeted at bringing together insurance and alternative asset management industries.
Suliman Mulhem
,
24 June 2020
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