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FM Global advised of $410mn of Covid-19 claims
Cedant buys a cat programme excess $550mn, but also has significant inuring reinsurance.
Adam McNestrie
,
18 May 2020
Addesso becomes BMS US reinsurance chairman
Dominic Addesso left Everest Re on 1 January, handing over to Chubb’s Juan Andrade after five years at the helm.
Bernard Goyder
,
18 May 2020
Mapfre Re swings to EUR29.4mn Q1 loss
The reinsurance unit took almost half the group’s EUR53.8mn in Q1 claims related to the Puerto Rico earthquake.
Laura Board
,
18 May 2020
Messaging key to consent for pandemic-era UK pay cuts: lawyers
The economic damage wrought by Covid-19 may dull considerations of fairness and the sanctity of contracts.
Laura Board
,
18 May 2020
Industry groups launch £100mn Covid-19 fund
Around £82.5mn has been pledged, with £5mn coming from Lloyd’s.
Anna Sagar
,
18 May 2020
MS Amlin Underwriting picks ex-Chaucer CEO Slabbert for chairman
The newcomer replaces Gilles Bonvarlet, who will become an independent non-executive director.
Samuel Casey
,
18 May 2020
Hiscox Action Group to open expedited arbitration process for BI claims
The policyholders’ law firm may draw on the Enterprise Act to seek redress for the late payment of claims.
Rachel Dalton
,
18 May 2020
Madison Dearborn-backed NFP buys baseball broker Team Scotti
The purchase expands the broker’s offering in the American professional sports space.
Samuel Casey
,
18 May 2020
EC3 Brokers builds finpro unit with new Willis hire
John Collier rejoins former colleague David Purdy at the broker.
Anna Sagar
,
18 May 2020
BMS partners with Chilean broker Insurex Re
The companies will target facultative and treaty reinsurance in lines including property cat and construction.
Samuel Casey
,
18 May 2020
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