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Negotiations could hit standstill without summer networking
Industry bodies are concerned that relationships will sour without regular sporting fixtures.
Samuel Casey
,
01 April 2020
Covid-19 a capital rather than coverage issue: Willis Re
International chairman James Vickers expects the virus to be a feature of all 2020 renewals.
Rachel Dalton
,
01 April 2020
PRA warns insurers to be ‘prudent’ on profit distribution
The regulator’s stance is significantly softer than that taken with UK banks, which have been forced to suspend dividends and buybacks.
Catrin Shi
,
01 April 2020
Japanese loss-free wind rates up 10-35% at 1.4: Willis Re
Some programmes also renewed with Covid-19 exclusions.
Rachel Dalton
,
01 April 2020
The Covid-19 exclusion clashes are a harbinger of the vexed client discussions we are about to see everywhere
Over the last week, cat reinsurers and cedants have clashed – at times acrimoniously – over the proposed insertion of exclusions on losses relating to pandemics.
Adam McNestrie
,
01 April 2020
Aon upgrades London e-trading system amid Covid-19 disruption
The new bind feature enables markets to complete and bind Aon's treaty reinsurance placements without face-to-face meetings.
Bernard Goyder
,
01 April 2020
NY governor imposes moratorium on policy cancellations
The order also forbids insurers operating in the state from charging fees for late payment.
John Hewitt Jones
,
01 April 2020
Enstar reaches $465mn reinsurance deal for Lyft legacy reserves
The carrier has agreed to reinsure legacy business underwritten by Zurich from 1 October 2015 to 30 September 2018.
Christie Smythe
,
01 April 2020
Everest Insurance appoints Sompo’s Lodge as CFO
She will report to Everest Insurance president and CEO Jonathan Zaffino and Everest group CFO Craig Howie.
Bernard Goyder
,
01 April 2020
Illinois theatres and restaurants sue insurer over Covid-19 business losses
The entities allege that Wisconsin-based Society Insurance should provide coverage for "necessary suspension" of business.
Christie Smythe
,
01 April 2020
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