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PRA issues snap demand to insurers for coronavirus BI exposures

The request for data by 27 April comes amid escalating market concerns around the breadth of BI coverage.

Catrin Shi, 20 April 2020
Elseco parts ways with energy team

A memo seen by this publication says the Dubai-based MGA plans to relaunch its energy operation.

Anna Sagar, 20 April 2020
Allianz’s Larkin joins Genstar-backed Obsidian as CUO

The private equity firm has invested $100mn in the fronting carrier.

Samuel Casey, 20 April 2020
Insurers face $1bn hit from April US tornadoes: Aon

The storms will be the fifth such event to create insured losses of more than $1bn in the US so far this year, the broker says.

Jeff Kuntz, 20 April 2020
Certa hires from Deloitte for US tax insurance push

Ben Furtick joins as a senior tax underwriter.

Anna Sagar, 20 April 2020
Piiq adds Willis alumnus Maynard

The broker will join the business next year as senior partner and report to president Marcel Chad.

Anna Sagar, 20 April 2020
Hiscox faces legal action from chef Raymond Blanc: reports

The action emanates from a declined BI claim for losses at 37 pubs and restaurants.

Anna Sagar, 20 April 2020
Final threshold met for World Bank $133mn pandemic bond payout

The institution will make a net gain of $60mn on the transaction.

Suliman Mulhem, 20 April 2020
Swiss Re factors $3.1bn ‘lethal pandemic’ losses into 232% January SST ratio

Stress testing put 2020 North Atlantic hurricane exposure at $6.4bn and credit default losses at $2.4bn.

Anna Sagar, 20 April 2020
Coronavirus: The biggest insured loss in history?

Property reinsurers seem to be preparing to draw the battle lines on Covid-19 claims around T&Cs.

Adam McNestrie, 20 April 2020

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