Pandemic
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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US federal judge refuses to dismiss restaurant chain’s BI Covid-19 suit
A federal US judge who had already ruled in favour of plaintiffs in at least two Covid-19 business interruption lawsuits…
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RIMS makes Covid-19 vaccination compulsory for all future events
US risk management society RIMS will require anyone attending one of its in-person events to show that they are fully…
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Structured insurance and ART provide answers to market complexity: Anra
Risk managers should consider using structured insurance and alternative risk transfer (ART) in order to address current market complexities, according…
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Injuries cost Europe’s leading football clubs €472.6m with Covid-19 losses just short of €50m
There were 494 reported Covid-19 cases across Europe’s top five leagues last season, resulting in players missing 7,068 days at…
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BIBA launches new protection for buyers in entertainment sector
The British Insurance Brokers’ Association (BIBA) has launched a new product with Yutree Underwriting that offers protection against Covid-19 and…
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Pandemic pushes the digitalisation of Italian healthcare
The pandemic has given a strong impetus to digital healthcare in Italy. Three out of ten Italians used digital health…
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Companies turning to captives and ART to plug gaps in emerging risk cover
Corporates are increasingly turning to captives to help solve problems in finding insurance cover for emerging and difficult risks, said…
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Generali ready to support corporates through recovery phase
Generali Global Business Lines is composed of two units: Generali Global Corporate & Commercial (GC&C) and Generali Employee Benefits (GEB),…
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SiriusPoint provides underwriting capacity for startup insurer Vouch
Specialty (re)insurer SiriusPoint has partnered with Vouch Insurance, a new insurance platform for startups, to provide multi-year underwriting capacity to…
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Judge rules hotel chain’s Louisiana Covid-19 BI claims can proceed against Zurich
A Connecticut, US state judge has refused to dismiss Covid-19 business interruption (BI) litigation filed against Zurich Insurance by a…
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German broker chief backs call for state backing for systemic risks
Dr Hans-Georg Jenssen, chairman of the German brokers’ association BDVM echoed GVNW chairman Alexander Mahnke’s call yesterday for a public-private…
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EU financial supervisors call for fast action on cyber resilience framework
European supervisors have warned financial services firms and their national regulators that rising cyber risk demands a “swift” EU-wide common…
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GVNW’s Mahnke renews call for state-backed solutions for systemic risks
Alexander Mahnke, chairman of the German risk and insurance managers’ association GVNW, has renewed calls for a public-private partnership (PPP)…
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Networking in a hybrid world: how insurance is securing the future of events
The Covid pandemic has wrought havoc on the events industry during the past 18 months. According to UFI, the global…
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UK gives details on government-backed Covid-19 event cancellation scheme
The UK government has fleshed out details of its Live Events Reinsurance Scheme, which will offer companies insurance protection from…
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Reinsurance renewals to focus on nat cat and systemic risks, says Aon
Upcoming reinsurance renewal discussions are set to focus on natural catastrophes and systemic risks, according to Aon. At a pre-renewal…
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FM Global unit loses US Covid-19 business interruption cover ruling
A Washington state court has ruled that the Snoqualmie Indian Tribe is owed business interruption (BI) coverage under its policy…
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Construction firms targeted by criminal gangs as material costs soar
Construction firms are being targeted by organised criminal gangs as the sector goes through a boom period following Covid-19 and…
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Gavi covers Covid-19 vaccine non-payment with innovative risk transfer product
Covid-19 vaccine alliance Gavi has taken out cover to mitigate the risk of non-payment of vaccines by 21 governments around…