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Covid-19 likely to spur further casualty rate rises: BB&T’s Howard
John Howard says an earlier estimate indicates carriers are under-reserved in casualty by about $100bn.
John Hewitt Jones
,
15 May 2020
Market will see ‘slow evolution’ in Covid-19 claims: Tokio Marine’s Williams
He noted that D&O, E&S and event cancellation are areas that could be particularly impacted.
Anna Sagar
,
14 May 2020
Citizens expects 30% reinsurance cost rise in 2020
Citizens plans to source $1.4bn of reinsurance limit for its coastal account, up from $1.27bn last year, as more of its multi-year cover elapses.
Lucy Jones
,
14 May 2020
Iordanou: Post-Covid market conditions akin to 2001
The former Arch CEO says the virus will lead to the creation of a slew of new businesses.
Rachel Dalton
,
14 May 2020
Zurich CFO Quinn warns GWP likely to fall in 2020
Declines in GDP could affect the flow of business into the market.
Samuel Casey
,
14 May 2020
Glaser: Current crisis is ‘two black swans’ at once
The MMC CEO also called on the industry to move towards broader wordings to provide certainty to clients.
Adam McNestrie
,
14 May 2020
Convex continues financial lines expansion with AIG hires
Ian Campbell and Henry Davies are both joining the business to work alongside John Hopper.
Samuel Casey
,
14 May 2020
Lockton Re hires Aon’s Thurman for US workers’ comp expansion
Keith Thurman will lead the build-out of the operation from the Atlanta office
Anna Sagar
,
14 May 2020
Haley change of control payment from Aon-Willis deal is $29mn
Willis retention pool revealed as a minimum of $125mn, with scope for additional funds to be signed off by Aon.
Rachel Dalton
,
14 May 2020
FCA demands UK insurers grant payment deferrals due to Covid-19
The regulator is to enforce measures to help customers in financial distress from 18 May.
Rachel Dalton
,
14 May 2020
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