Property
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BI litigation fallout to restrict cover further
Covid-19 has sparked a wave of insurance coverage litigation that is set to lead to further restrictions on business interruption…
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Mangrove insurance scheme would tackle flooding risk in Caribbean, says new research
Scientists have proposed an innovative insurance scheme that would help restore mangroves to defend against flood risk in the Caribbean.…
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FCA still in discussion with insurers over BI payouts
UK regulator the Financial Conduct Authority (FCA) has said talks are still active with a group of insurers to resolve…
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Ferma president urges insurers to improve pandemic response
Insurers need to be more proactive in their response to the coronavirus pandemic and work with governments on solutions for…
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RMS places onshore US Hurricane Delta losses between $2bn and $3.5bn
RMS has estimated onshore US insured losses from last week’s Hurricane Delta at between $2bn and $3.5bn, with additional claims…
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P&C insurers deliver 2019 underwriting profit and 97.4% combined ratio
The global P&C insurance industry produced another underwriting profit last year and a combined ratio of 97.4%, according to Aon’s…
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FM Global to launch new Canada and specialty industries division
A new division focused on the forest products and chemical industries sectors is to be launched by FM Global. The…
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European multinationals suffering worst in hard market but capital influx offers hope
Multinational European companies with exposures in the US and Asia are being hit harder by tough commercial insurance conditions than…
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Modellers say Hurricane Delta loss could reach $3bn
AIR estimates insured losses from Hurricane Delta will be between $1bn and $3bn, with Karen Clark & Company (KCC) putting…
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Arch Capital’s Q3 results hit by up to $210m of nat cat and virus losses
Arch Capital said natural catastrophes and pandemic claims will cause losses of between $190m and $210m in the third quarter.…
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AXIS estimates Q3 cat losses of $225m to $255m
AXIS Capital Holdings has disclosed a net loss estimate of between $225m and $255m for the third quarter. The Bermudian…
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KCC places Hurricane Delta losses at $1.25bn
Karen Clark & Company (KCC) estimates that onshore insured losses from Hurricane Delta will be close to $1.25bn. The estimate…
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AXA XL makes appointments to new regional units
AXA XL Insurance has announced new appointments for its business divisions following the recent launch of its regional operating model,…
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Time to act on global programmes
Commercial Risk is hosting its first virtual conference dedicated to the Asia-Pacific risk and insurance management community, on the increasingly…
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Covid-19 reshapes future risk landscape, says AGCS report
Covid-19 has radically altered long-term risk trends, with new exposures emerging from the pandemic, according to a report published by…
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Seven insurers set to appeal FCA BI ruling as agreement not reached
Discussions between insurers and UK regulator the Financial Conduct Authority (FCA) on behalf of business interruption (BI) policyholders have failed…
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Cat bonds buoy ILS market, says Aon
Insurance-linked securities (ILS) capital shrunk from $93bn to $91bn in the 12 months to 30 June, according to Aon’s annual…
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RMS pegs Hurricane Sally insured losses at $3.5bn
Insured losses from Hurricane Sally in the US last week will cost between $2bn and $3.5bn, according to an estimate…
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Enoizi makes case for expanding Pool Re to cover pandemic risk
CEO Julian Enoizi believes it makes sense for Pool Re to expand its remit and be the vehicle for any…
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EC starts work on pan-European pandemic risk transfer solution
Commercial Risk Europe has learned that the EC is setting up a working group to deliver risk transfer solutions for…