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Large corporates more likely to secure BI claims following FCA test case rulings

Large corporates are now more likely to pursue and receive insurance claims for Covid-19-related business interruption (BI) losses following the…

AGCS appoints Olav Spiegel as CIO to drive digital transformation

Allianz Global Corporate & Specialty (AGCS) has named Olav Spiegel as chief information officer (CIO), where he will help lead the insurer’s digitalisation strategy and…

By Ben Norris on January 25, 2021

US commercial insurance rates increase again in fourth quarter

Premium renewal rates for general liability, commercial property, umbrella and workers compensation in the US increased in the fourth quarter, according to IVANS Insurance’s premium…

By Tony Dowding on January 22, 2021

Patrick Tiernan appointed Lloyd’s chief of markets

Lloyd’s has appointed Aviva’s Patrick Tiernan to the…

By Ben Norris on January 22, 2021

Arch Capital estimates $165m Q4 cat losses

Arch Capital said its fourth-quarter results will be…

By Sarah Jolly on January 22, 2021

Sompo International partners with drone insurtech Flock to boost cover

Sompo International has partnered with UK insurtech company…

By Sarah Jolly on January 22, 2021

Travelers’ net income jumps 50% in Q4 with business rates up 8.4%

Travelers saw its net income increase by 50%…

By Ben Norris on January 22, 2021

Risk Management

Be prepared: the key to IPT compliance for non-traditional covers

Although the insurance industry has a longstanding reputation…

By Karen Jenner, portfolio director, business development, and Joseph Finbow, IPT assurance director, TMF Group on January 22, 2021

Two thirds of clients in WTW survey have no framework for reputational risk

Some 68% of 200 clients surveyed by Willis…

By Sarah Jolly on January 21, 2021

GDPR fines up 39% in 2020

Regulatory fines for data breaches under the GDPR…

By Sarah Jolly on January 21, 2021

Insurance

Negative outlook for Brazilian reinsurance industry from Best

Persistent economic uncertainty, exacerbated by the Covid-19 pandemic, has led…

By Tony Dowding on January 21, 2021

Arthur J Gallagher acquires MGA Atlas General

Arthur J Gallagher has acquired Atlas General Holdings, a full-service,…

By Tony Dowding on January 21, 2021

UK’s BI ruling will have international impact and see more claims paid

The recent judgment on Covid-19-related business interruption (BI) insurance by…

By Stuart Collins on January 21, 2021

Cyber

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top risk facing…

By Sarah Jolly on January 19, 2021

International Programme News

Argentinian insurance regulator joins IAIS’s Multilateral Memorandum of Understanding

The Argentinian insurance regulator has joined the International Association of Insurance Supervisors’…

By Tony Dowding on January 21, 2021

Risk Management Profession

Risk managers urged to get involved in ESG risk

Risk and insurance managers have been urged to get out of their…

By Ben Norris on January 3, 2021

Captives

Leading US captive associations highlight concerns over TRIP consultation

The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance Association (VCIA)…

By Tony Dowding on January 20, 2021

Legal & Regulation

UK BI ruling credit negative for (re)insurers but costs manageable, says Moody’s

The Supreme Court’s ruling on Covid-19 business interruption (BI) claims is a…

By Ben Norris on January 20, 2021

People Moves

Sedgwick creates Nordic hub

Sedgwick is combining its Norwegian and Swedish operations to create a new…

By Sarah Jolly on January 20, 2021

Large corporates more likely to secure BI claims following FCA test case rulings

Large corporates are now more likely to pursue and receive…

By Stuart Collins on January 25, 2021

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top…

By Sarah Jolly on January 19, 2021

European firms name cyber as top risk for 2021 in AGCS poll

Cyber incidents have retained their position as the number one…

By Sarah Jolly on January 19, 2021

FCA ruling sets out clear path for Covid-19 BI claims in ‘resounding’ victory for buyers

Last week’s UK Supreme Court ruling on Covid-19-related non-damage business…

By Stuart Collins on January 19, 2021

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top…

By Sarah Jolly on January 19, 2021

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more…

By Ben Norris on January 14, 2021

IAIS calls for patience on global regs as risk associations urged to step in

Manuela Zweimueller, head of supervisory practices at the International Association…

By Ben Norris on November 24, 2020

Covid-19 accelerates need to focus on people risk and value

It has never been more important than in the post-Covid-19…

By Ben Norris on November 18, 2020

Pandemic shakes up top risks facing global firms, finds AGCS Barometer

Business interruption (BI) has reclaimed its position as the top…

By Sarah Jolly on January 19, 2021

Geopolitical risk outlook deteriorates in 2021 with threat of conflict highest for decades

The world will be more unstable, less cooperative and more…

By Ben Norris on January 14, 2021

US and Asia-Pacific to see insurance M&A grow in 2021, says Clyde & Co

Insurance M&A activity in both the US and Asia-Pacific will…

By Tony Dowding on December 8, 2020

Attention turns to trade agreements for DIC/DIL as IAIS discussions stall

As discussions with the International Association of Insurance Supervisors (IAIS) struggle to…

By Ben Norris on December 7, 2020

Be prepared: the key to IPT compliance for non-traditional covers

Although the insurance industry has a longstanding reputation of being…

By Karen Jenner, portfolio director, business development, and Joseph Finbow, IPT assurance director, TMF Group on January 22, 2021

Leading US captive associations highlight concerns over TRIP consultation

The Captive Insurance Companies Association (CICA), the Vermont Captive Insurance…

By Tony Dowding on January 20, 2021

Reinsurance hardening to hit primary coverage in 2021

The hardening reinsurance market could mean higher prices for corporate…

By Stuart Collins on January 18, 2021

Market grows increasingly ruthless but rate of hardening may have peaked

The insurance market is getting tougher for buyers and experts…

By Ben Norris on January 11, 2021