Pandemic
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Female skills needed for Covid-19 recovery, says AXA’s Sylvie Gleises
Female managers are now more important than ever as staff prepare to reconnect and recover from the impact of Covid-19,…
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New ILS jump 109% in 2020
New insurance-linked securities (ILS) issued last year rose 109% on 2019 to a record $11.3bn, according to Swiss Re. A…
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Half of UK corporates set to increase risk management focus on back of Covid-19
Almost half of UK corporates surveyed by Aviva expect to increase their focus on risk management this year, with roughly…
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Morocco introduces travel ban on Algeria and Egypt to curb spread of Covid-19
Morocco has suspended all flights to and from Algeria and Egypt, as part of its efforts to curb the spread…
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Covid-19 drives spike in resource nationalism
Some 34 countries have recorded an increase in resource nationalism risk during the past year driven by Covid-19, and things…
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Music performers join insurance industry to call for UK state-backed event cancellation scheme
Music performers have joined insurance industry experts to call for a UK government-backed event cancellation insurance scheme for live events,…
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Downgrades and rising defaults ahead as Covid-19 strains credit in 2021
Covid-19 will continue to put a “heavy strain” on global credit conditions in 2021, with more ratings downgrades and an…
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Digital leaders will be one step ahead on employee wellness
Chronic disease prevention and management will become an essential service for corporates going forward, predicted two medical experts, who agreed…
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RSA’s underwriting profit jumps as it posts 91.1% CR
RSA significantly increased both underwriting and underlying profit last year on the back of an impressive 91.1% combined ratio. The…
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AXA XL falls to €1.4bn loss and takes cover for adverse reserve development
AXA XL posted a €1.4bn underlying earning loss in 2020, from profits of €507m a year earlier, as Covid-19 and…
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Supply chain risks to hit hard in France as insolvencies rise
As some believe that vaccinations and economic recovery will bring their companies some peace of mind in 2021, a French…
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Munich Re profit drops 55% but ERGO bolsters numbers
Munich Re reported a 55% fall in net profit last year to €1.2bn despite 18% growth in ERGO’s contribution to…
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Market hardening to slow in 2021 as new capital takes effect
The global commercial insurance market is expected to harden further this year, but with latest figures suggesting rate increases have…
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ABI seeks government response to Pandemic Re plans
Insurers are seeking a response from the UK government about proposals to establish a state-backed reinsurance scheme to provide cover…
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UK gender pay gap enforcement delayed until October
UK firms have been given an additional six months to comply with mandatory gender pay gap disclosures, as the start…
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Scor P&C delivers 98.7% Q4 CR with 2020 Covid losses pegged at €284m
Scor P&C delivered a respectable combined ratio of 100.2% last year despite posting Covid-19 losses of €284m, as its parent…
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Pandemic bolsters enterprise risk management, finds RIMS survey
Some 22% of RIMS members report increased resources for enterprise risk management (ERM) as a result of Covid-19, the society’s…
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Travelers wins virus BI case against hotel chain
A federal district court in Cleveland has dismissed Covid-19 business interruption litigation filed by a hotel chain against a Travelers…
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ABI members expect to pay £2bn of Covid-19 BI claims for 2020
The Association of British Insurers (ABI) expects its members to pay £2.5bn of Covid-19 claims for losses in 2020, with…
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Aon expects rate hardening to continue but says new capital may temper increases
New capital worth $20bn that entered the insurance market in 2020 could hold back rate increases, according to a new…