Pandemic
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French corporations face healthcare cost rise if new tax adopted
The French Insurance Federation (FFA) has voiced its opposition to a recent announcement by the national health minister and minister…
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China and India to account for bulk of 2020 global recession
China and India will account for almost all of the very poor economic outlook in 2020, according to the latest…
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Lloyd’s £438m H1 loss driven by £2.4bn pandemic claims
Lloyd’s has booked a market loss of £438m for the first six months of 2020 after Covid-19 claims totalled £2.4bn…
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FCA’s Covid-19 BI test case ruling next week
The UK’s High Court will deliver judgement on the case between the Financial Conduct Authority (FCA) and eight insurers over…
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AGCS report lays out five key liability risk trends
A new report by Allianz Global Corporate & Specialty (AGCS) lays out key trends to watch as liability risks rise…
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Market to harden into 2021 as concern mounts over pace of change
Experts predict that commercial insurance market hardening is set to continue through January 1 renewals and well into 2021 as…
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Reinsurance capital down 3% in H1 2020, says Willis Re
Global reinsurance capital dipped 3% to $587bn in the first half of 2020, after recovering from a fall of 30%…
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M&A ‘deep freeze’ to thaw in Q4 2020: WTW
Merger and acquisition (M&A) activity is likely to pick up pace in the fourth quarter of 2020 after a Covid-19…
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Average nat cat year could see reinsurers post 2020 loss, says S&P
The global reinsurance industry won’t earn its cost of capital in 2020 and faces capital erosion if it is struck…
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Moody’s turns negative on reinsurance sector and predicts further rate rises
Moody’s has changed its outlook on the global reinsurance sector to negative from stable because a challenging operating environment in…
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Munich Re says cyber, climate change and pandemics are ‘major risks of our time’
Munich Re expects claims in the low triple-digit–million euro range from the explosion at Beirut’s port last month and another…
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Reinsurance rates to harden further across the board at renewals, says Swiss Re
Swiss Re said further rate increases are expected across the board at the key reinsurance renewals season in January. It…
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Funding boost for parametric insurtech as traditional market enters ‘existential crisis’
Tanguy Touffut, CEO and co-founder of Paris-based insurtech company Descartes Underwriting, said non-life insurance is going through an “existential crisis”…
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Covid-19 adds pressure to firming marine insurance market
Covid-19 is adding further pressure to the marine insurance market that had already seen price increases amid a worrying trend…
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Covid-19 app launched to help firms fulfil duty of care
Global risk management firm Anvil Group has launched a new Covid-19 app to ensure companies have taken measures to protect…
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Covid-19 increases corporate exposure to modern slavery, finds Maplecroft index
The economic fallout from Covid-19 will increase the risk of modern slavery seeping into supply chains, warned Verisk Maplecroft in…
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GVNW ‘cautiously optimistic’ about speedy state-backed pandemic solution
Alexander Mahnke, president of German risk and insurance management association GVNW, used his keynote speech at the association’s virtual annual…
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Pandemic forces rethink of captive role in renewals
There is growing interest in captives in the hard market but the coronavirus pandemic has put a “pause” on 2021…
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Covid-19 insured losses roughly in line with expectations
Covid-19 insured losses are roughly in line with expectations and remain an earnings event for the (re)insurance industry, ratings agencies…
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Global insolvency rates to rise 26% in 2020, says Atradius
Global corporate insolvencies are forecast to swell by 26% this year, with most booked to the second half of 2020…