Executive & D&O
-
Pandemic accelerating market hardening in Europe, says Marsh
Hardening of the European insurance market is gathering pace, as the coronavirus pandemic adds to existing pressures driving price increases…
-
EC3 Brokers appoints director of financial and professional lines
EC3 Brokers has appointed John Collier as divisional director in an expansion of the broker’s international financial and professional lines…
-
EC3 Brokers opens specialty division
EC3 Brokers has launched a specialty division, focused on cyber and casualty risks, with the appointment of Jonathan Lane to…
-
Rates up 21% in UK and 8% in Europe with Covid-19 set to impact market for rest of 2020: Marsh
Average commercial insurance rates rose by an eye-watering 21% in the UK during the first quarter and were up 8%…
-
Covid-19 set to extend hard market through 2021, says WTW
The Covid-19 pandemic and resultant economic downturn are set to extend the hard US commercial insurance market through 2021, according…
-
Zurich creates new lead underwriting roles
Zurich Insurance Group has created two underwriting roles with the appointment of Ralph Brand as global head of casualty, financial…
-
Aon responding to demand for balance sheet solutions to cope with virus
Aon withdrew its 2020 guidance on revenues and profits as it announced its first-quarter results on Friday, because of the…
-
Virus leads to big drop in net profit at The Hartford
Leading US insurer The Hartford, parent of international speciality insurer Navigators, has posted a 57% drop in net profit for…
-
Berkley warns society will pay ‘dear price’ if plaintiffs override virus exclusions
William Robert Berkley, chairman and founder of US insurance group W R Berkley, has warned that society will pay a…
-
All quotes off the table as D&O insurers respond to Covid-19, says CRC Group
Covid-19 has reset the button for directors and officers (D&O) liability insurance, according to US wholesale broker CRC Group, which…
-
Allianz CEO warns of ‘massive’ industry virus losses as Arch warns of big pandemic claims
Allianz chief executive officer Oliver Bäte has warned that the coronavirus has hit the insurance industry like a “meteorite”, will…
-
Exclusions loom as D&O renewals impacted by pandemic
The coronavirus pandemic is further hardening the D&O market, which is beginning to apply more restrictive terms and conditions with…
-
Construction firms with loss history may struggle to secure full PI cover
There are concerns that construction companies with a poor loss history or inadequate risk management will not able to buy…
-
QBE to raise A$1.3bn to cover virus-linked uncertainty and prepare for opportunities
QBE plans to raise A$1.3bn to protect itself against expected reductions in revenues in various countries in which it operates,…
-
Ed moves into transactional risk space
Ed has launched a transactional risk unit, appointing Niraj Perera as head of the operation within the broker’s professional and…
-
World Bank pandemic bonds will be triggered if virus cases escalate in developing world
The World Bank’s pandemic bonds, which could provide $132.5m of funds to countries within the International Development Association (IDA) and…
-
AXA XL’s Harris to replace Pryce as CEO of QBE international
AXA XL’s Jason Harris will replace QBE’s CEO of international business Richard Pryce, who is retiring at the end of…
-
BI coverage biggest concern for Marsh clients as Covid-19 exposures mount
Cover for Covid-19 business interruption (BI) losses is the biggest concern for Marsh clients currently, as many come to realise…
-
DAC gives advice for D&Os under mounting coronavirus risks
The Covid-19 pandemic has exposed company directors to heightened legal and directors and officers (D&O) risk, from liabilities for wrongful…
-
New GB head of Finex D&O for Willis Towers Watson
Willis Towers Watson’s (WTW) GB financial lines and executives risk team (Finex) has appointed Eve Richards as its new GB…