High cats and low investment yields key to market conditions

High cats and low investment yields key to market conditions

High cats and low investment yields key to market conditions

A rising ‘tsunami’ driven by a combination of low asset yields and high catastrophe losses suffered by the leading insurers and reinsurers is more likely to force a hardening in the corporate insurance market than a shock impact from the European debt crisis, according to Axel Theis, CEO of Allianz Global Corporate & Specialty (AGCS).

Willis offer innovative non-damage BI cover to ease buyer concern

Willis offer innovative non-damage BI cover to ease buyer concern

Willis offer innovative non-damage BI cover to ease buyer concern

Complaints by risk managers about a lack of policies to cover business interruption that occurs without a preceding property loss have apparently borne fruit. Last week broker Willis launched just such a policy onto the market following in the footsteps of insurer Zurich. The policy is designed to protect the German motor industry against supply chain risks.

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