Pandemic
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CNA’s net income down almost a third in 2020 despite strong Q4
CNA Financial reported $387m in net income for the fourth quarter of 2020, up nearly 30% from the year-earlier period,…
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Employees seek more protection cover from employers post-Covid-19, finds AIG study
Some 37% of UK employees want their employer to offer more protection insurance – including life, income and critical illness…
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Beazley falls to $50m loss in 2020 after event cancellation drives Covid-19 claims
Beazley recorded a 250% fall in pre-tax profit to record a “disappointing” loss of $50.4m in 2020, after being $268m…
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Claims set to be impacted by new insurance policy formats, warns leading risk manager
Insurers are predicting that the impact of the Covid-19 business interruption (BI) test case in the UK will have an…
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Greenberg sticks by insured Covid-19 loss estimate of up to $80bn
Despite some experts reducing their insured pandemic loss figure, Chubb’s CEO Evan G Greenberg said the insurer is sticking to…
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Amrae members urged to consider risks of nomadic lifestyle in ‘new normal’
New risks linked to working habits as home working took over during the Covid-19 pandemic – such as dealing with…
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Berenberg cuts Covid-19 insured loss range to $40bn-$60bn
Equity analysts at Berenberg have lowered the range of global insured Covid-19 losses to between $40bn and $60bn from its…
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Four in five global companies embrace ERM following Covid-19, finds Aon
Pandemics were not a top ten risk for four out of five businesses before Covid-19, according to a new survey…
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AMRAE president warns relationships with insurers at ‘breaking point’
The head of France’s risk management association has warned that relationships between insurance buyers and insurers are nearing “breaking point”,…
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Chubb’s 2020 income down 20% despite rebound in Q4 spurred by strong rates
Chubb’s net and core income bounced back strongly in the fourth quarter of 2020 as the insurer pushed through rate…
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FCA test case set to increase BI rates and result in coverage restrictions
Insurance buyers are likely to face higher premiums and coverage restrictions for business interruption (BI) coverage following the recent UK…
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Pandemic fuelling cyber risk and losses, finds Mactavish survey
New research from Mactavish reveals that 41% of UK companies polled believe cyber risk has increased since the pandemic, with…
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Reinsurance disputes loom following UK Covid-19 BI ruling
The full cost of Covid-19 business interruption (BI) losses facing UK commercial insurers following the recent Supreme Court ruling will…
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International SOS launches global Covid-19 vaccine tracker for multinationals
International SOS has launched a Covid-19 vaccine tracker to help corporates manage vaccination programmes for their global operations and employees.…
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Airmic planning to hold physical conference in October
Airmic is “cautiously planning” to hold its annual conference physically in October, after its 2020 event went virtual following the…
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Santam to pay Covid-19 BI commercial claims in South Africa
Santam will pay out to commercial policyholders with a contingent business interruption (CBI) extension in South Africa hit by the…
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Australian insurers can cope with Covid BI claims says Fitch
Australian risk managers will be pleased to see the legal tide turning in favour of policyholders in the ongoing dispute…
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Large corporates more likely to secure BI claims following FCA test case ruling
Large corporates are now more likely to pursue and receive insurance claims for Covid-19-related business interruption (BI) losses following the…
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Arch Capital estimates $165m Q4 cat losses
Arch Capital said its fourth-quarter results will be hit by catastrophe losses in the range of $155m to $165m across…
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Travelers’ net income jumps 50% in Q4 with business rates up 8.4%
Travelers saw its net income increase by 50% in the fourth quarter to £1.31bn on the back of improved underwriting…