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US lawmakers float $500bn pandemic backstop legislation
Under a draft bill seen by this publication the scheme would pay out when aggregate claims surpass $250mn.
John Hewitt Jones
,
09 April 2020
PRA to stick with climate change, resilience work amid pandemic
The UK regulator says workstreams will have to “flex” because of Covid-19, but won’t be abandoned.
Laura Board
,
09 April 2020
Hiscox seeks to hold line on BI claims as it comes under fire
Sources suggest the insurer has broader policy wording than that typically used for small business clients.
Adam McNestrie
,
09 April 2020
TSR predicts above-average Atlantic hurricane season
The storm forecasting and tracking firm predicts up to three intense hurricanes in the June-to-November period.
Jeff Kuntz
,
09 April 2020
Dividend halts soften Covid-19 Solvency II hit by up to 10 points: Moody’s
The ratings agency estimates end-March ratios at between 190 and 200 percent.
Samuel Casey
,
09 April 2020
Buybacks, dividends in jeopardy amid Covid-19 pandemic
Pressure mounts on carriers to withhold payments but regulatory messages are mixed.
Laura Board
,
09 April 2020
Lloyd’s 2019: Differentiated oversight shapes syndicate GWP growth
First-quartile syndicates grow while wider market remains constrained.
Catrin Shi
,
09 April 2020
Travelers follows suit with Allstate, Geico on driver rebates
US personal auto customers will get a 15 percent credit on their April and May premiums, the company said.
Bernard Goyder
,
09 April 2020
Exor boss says deals will go ahead despite coronavirus: report
John Elkann said his family had overcome “wars, revolutions, crises and pandemics”.
John Hewitt Jones
,
09 April 2020
Jetty lays off 35 staff and stops writing new business
Munich Re has also temporarily stopped underwriting Jetty policies.
Bernard Goyder
,
09 April 2020
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