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Online onlyDWIC 2024: Insurers need to focus on risk management and mitigation - Lloyd's' Mackinnon
The world is in a “manageable plateau of chaos”, says Chris Mackinnon, deputy regional director, Asia Pacific, Middle East & Africa, Lloyd’s, but insurers and reinsurers must adapt to help businesses survive.
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Online onlyCOVID-19 litigation tracker identifies vulnerable industries
217 complaints have been filed in the US with 55% involving cruise ship passengers and nursing home residents and staff
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Online onlyAXA XL launches new insurance solution for autonomous vehicles
AXA XL has launched a new insurance solution to cover the risks associated with autonomous vehicles.
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Online onlySapiens to partner with HazarHub
Sapiens International Corp., a leading global provider of software solutions for the insurance industry, today announced it has entered into an agreement to partner with HazardHub, a third-generation provider of property-level hazard risk databases. The company’s scientists convert massive amounts of geospatial digital data into easy-to-understand and actionable risk assessments. ...
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Online onlySCOR's Exec Committee says “COVID-19 - We in the (re)insurance industry have a leadership role to play now”
In a letter published this week - SCOR’s Executive Committee calls upon organisations and individuals to take immediate action to slow down the spread of COVID-19.
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Online onlyFCA releases guidance for GI insurer behaviour during coronavirus crisis
The regulatory body says ‘brokers have a key role to play to help consumers understand the market’
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Online onlyInsurtech steps in to ease financial burden on freelancers caused by Covid-19
It follows the increasing preassure put on freelancers during the coronavirus outbreak
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Online onlyMass move to work from home in coronavirus crisis creates opening for hackers: cyber experts
As people disperse to their homes to work and study because of the coronavirus pandemic, taking their laptops and company data with them, cyber security experts say hackers will follow, seeking to take advantage and infiltrate corporations.
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Online onlyHow is coronavirus impacting key business sectors?
Covid-19 is leaving an unstoppable imprint across global businesses – Sister title, Insurance Times reviews the current lay of the land in the industry sectors most affected
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Online onlyEIOPA statement on actions to mitigate the impact of Coronavirus/COVID-19 on the EU insurance sector
Insurers are likely to face progressively difficult conditions in the immediate future, both in terms of navigating challenging market conditions and in maintaining operations, while taking steps to protect employees and customers.
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Online onlyMaiden Holdings announces fourth quarter 2019 and year-end results
Maiden Holdings today reported a fourth quarter of 2019 net loss attributable to Maiden common shareholders of $21.5 million compared to $269.2 million in the fourth quarter of 2018. Non-GAAP operating loss(5) was $3.5 million in the fourth quarter of 2019 compared with $212.4 million in the fourth quarter of ...
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Online onlyBMS appoints Jonah Pfeffer as US Chief Casualty Officer
BMS Group today announced the appointment of Jonah Pfeffer as Chief Casualty Officer at BMS Re US, effective immediately.
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Online onlyNEWS BITE: Lloyd’s to close Underwriting Room
Following UK government advice on COVID-19, Lloyd’s Executive Committee has today decided to close the Underwriting Room with effect from 16:00 (GMT) on Thursday 19 March. We’re confident our emergency trading protocols will enable the market to continue trading.
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Online onlyLeading medical malpractice insurer NJ Pure announces Gen Re reinsurance contract partnership
NJ PURE, a leading medical malpractice insurer in New Jersey, announced today its partnership reinsurance contract with General Reinsurance Corporation (“Gen Re”), a member of the Berkshire Hathaway family of companies.
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Online onlyAM Best to Deploy Pandemic-Related Stress Test for Rated Insurance Companies
AM Best is developing stress testing that it will conduct on its rated insurance companies’ balance sheets to gauge the impact of the COVID-19 virus fallout on their risk-adjusted capital levels, investment portfolios, reserve adequacy and other aspects of the risks borne by rated entities.
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Online onlyBitGo Launches First Dedicated Customer Excess Specie Insurance Purchasing Program
BitGo announced today that it is now offering dedicated customer Excess Specie Insurance to BitGo Custody clients.
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Online onlyFitch Ratings: Markets, Not Coronavirus Mortality, Is the Risk to European Reinsurers
Financial market disruption stemming from the spread of the coronavirus is the main threat to the credit profiles of European reinsurers, Fitch Ratings says.
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Online onlySCOR LAUNCHES AN INSURANCE INFORMATION PLATFORM IN CHINA
In the battle against COVID-19, SCOR has set up an insurance information platform in China to help those on the frontlines stay informed of their rights and access cover.
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Online onlyCoronavirus: No insurance cover for most virus-hit businesses
Most businesses do not have insurance cover to compensate them for coronavirus losses
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Online onlyCoronavirus impacts more devastating than 9/11 says independent expert
Coronavirus-related impacts on insurers’ investment businesses could see premiums skyrocket
