Pandemic
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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…
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Court says US restaurant chain’s virus-related suit can proceed against Zurich
A US federal district court in Cleveland has refused to dismiss Covid-19 business interruption (BI) coverage litigation filed by a…
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UK’s BI ruling will have international impact and see more claims paid
The recent judgment on Covid-19-related business interruption (BI) insurance by the UK’s Supreme Court will affect policies and laws well…
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AMRAE’s virtual conference to boost risk debate as pandemic rolls on
French risk management association AMRAE will discuss the implications of Covid-19, as well as focus on other related risks such…
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Cost of building resilience far less than inaction, say WEF experts
The cost of inaction far outweighs the cost of building resilience to risk, according to expert speakers at the launch…
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Axis’s Covid-19 losses rise by $125m in Q4
Axis Capital Holdings said Covid-19 claims will cost a further $125m in Q4 and have been impacted by last week’s…
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UK BI ruling credit negative for (re)insurers but costs manageable, says Moody’s
The Supreme Court’s ruling on Covid-19 business interruption (BI) claims is a credit negative for UK (re)insurers and will broadly…
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World must ‘wake up’ to existential threats says WEF as report lays out Covid-19 risks
The world faces short-term societal and technological risks created by Covid-19 that will give way to economic pressures over the…
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Pandemic shakes up top risks facing global firms, finds AGCS Barometer
Business interruption (BI) has reclaimed its position as the top risk facing global firms, followed by a pandemic outbreak in…
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European firms name cyber as top risk for 2021 in AGCS poll
Cyber incidents have retained their position as the number one risk facing businesses in Europe during 2021, with business interruption…