Pandemic
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Marsh says pandemics are insurable but need public-private partnership
Marsh this week published a new report that makes the case for a public-private pandemic risk solution, as the US…
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Global value chains have bright future despite virus supply chain shock: Coface
Risk managers and their colleagues in supply chain and business continuity will have to look long and hard at the…
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AXA seeks to settle 1,700 BI claims with restaurants as lawsuits continue
AXA CEO Thomas Buberl has told Le Monde newspaper that the insurer has identified 1,700 of its contracts with restaurant owners…
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UK launches £10bn trade credit reinsurance scheme
The UK government has launched a £10bn trade credit insurance guarantee scheme to ensure cover remains in place for businesses…
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Swiss Re says pandemic must not hinder move to low-carbon economy
A new Swiss Re Institute SONAR report says that new risks and trends have been accentuated by Covid-19, but warns…
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AXA estimates €1.5bn insured loss from Covid-19 and reduces dividend
AXA expects Covid-19-related claims of about €1.5bn this year and has cut its dividend payment pretty much in half as…
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Pandemic may accelerate long-awaited London market reform
News that credit ratings agency AM Best believes the rise of Covid-19 may finally force the adoption of long-awaited reform…
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Employees happier working at home, finds Cigna Europe study
Job satisfaction has increased in the UK during the Covid-19 outbreak amid enforced home working, according to a new study…
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Spain’s non-life insurers maintain stable AM Best outlook amid Covid-19
The Spanish non-life insurance market has retained a stable outlook under AM Best’s analysis that found it has shown resilience…
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African insurers waiting to see if BI claims arise
The impact of Covid-19 is yet to be fully assessed for many African insurers, both in terms of resulting claims…
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Insurers named in FCA BI test case as some accept previously disputed claims
Several insurers in the UK have agreed to pay previously disputed business interruption (BI) claims for Covid-19 as the Financial…
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Pandemic Re moves forward with further insurance industry backing
Allianz CEO and Association of British Insurers (ABI) chair Jon Dye has become the latest major insurance industry figure to…
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Brokers could be next in line for legal action over Covid-19 claims
Experts have warned that insurance brokers could be next in line for legal action from companies unable to get Covid-19…
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EC approves Dutch state support for trade credit cover
The European Commission has approved a Dutch guarantee scheme to support the trade credit insurance market in the face of…
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Large corporates in ‘robust discussions’ over Covid-19 BI claims
Large corporates are in “robust discussions” with their insurers and brokers over Covid-19 business interruption (BI) claims, as smaller businesses…
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Anchored vessels during pandemic create new risks for maritime sector, warns AGCS
Ships left idle during the Covid-19 pandemic have created a new set of risks for maritime companies, warns Allianz Global…
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Risk managers should drop one-dimensional registers
The onslaught of Covid-19 has revealed the pressing need for risk managers and their partners in the insurance sector to…
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Less than a quarter of firms plan return to old business model post-Covid-19, finds BCI survey
Less than a quarter of organisations plan to go back to their old business model after the Covid-19 pandemic, according…
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European insurers and reinsurers stand up to pandemic test, say ratings agencies
The Covid-19 pandemic has tested European insurers’ capitalisation but the sector has weathered the biggest shock since Solvency II was…
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Pandemic version of TRIA enters US Congress
New legislation to insure American firms against business interruption (BI) losses in future pandemics has been introduced to US Congress,…