Search | The Insurer TV

News

UK government to provide trade credit backstop

The UK government has agreed to temporarily guarantee trade credit insurance and provide a backstop to ensure coverage will be maintained during the Covid-19 pandemic.

Wed 13 May 2020

News

Brit and Google launch follow-only syndicate Ki

Brit Insurance is to launch the first fully digital and algorithmically-driven follow-only Lloyd’s syndicate using a technology platform built in collaboration with Google Cloud, the Fairfax Financial-owned company confirmed today.

Wed 13 May 2020

Comment

A Scor to settle?

Exor and Covéa appear in disagreement about who walked away from a PartnerRe deal where the financial metrics had been transformed by Covid-19. Could another Gallic carrier be involved in the next chapter?

Wed 13 May 2020

News

FTSE futures point lower as economy contracts; Asia stocks dented by pandemic fears

Futures tied to London’s benchmark FTSE 100 pointed lower ahead of the open on news the UK economy shrank at the fastest pace since the financial crisis in the first quarter of 2020 and as stocks across Asia-Pacific fell amidt rising US-China tension and fresh pandemic fears.

Wed 13 May 2020

News

Darag launches Class 3A Bermudian reinsurer

Run-off specialist Darag has received approval from the Bermuda Monetary Authority (BMA) to launch a Class 3A reinsurer on the island, The Insurer can reveal.

Wed 13 May 2020

Airline and general average rates soar 25 to 50%

News

Aviation

Airline and general average rates soar 25 to 50%

Airline insurance rates remain under pressure despite fleets across the world being grounded due to the Covid-19 outbreak, with relationships now more than ever playing a key role in negotiations.

Wed 13 May 2020

R&Q adds to board with Shore Capital co-founder Flanagan

News

Legacy

R&Q adds to board with Shore Capital co-founder Flanagan

Non-life run-off specialist Randall & Quilter has appointed former financial analyst Eamonn Flanagan to the board as an independent non-executive director.

Wed 13 May 2020

News

COVID-19

Covid-19 “a shock” that will impact entire workers comp market, warns NCCI

Covid-19 is a shock to the US workers compensation industry and will impact every aspect of the sector, the National Council on Compensation Insurance’s (NCCI) chief actuary has warned.

Tue 12 May 2020

TWIA could upsize cat bond to offset harder traditional market

News

Property catastrophe

TWIA could upsize cat bond to offset harder traditional market

The Texas Windstorm Insurance Association (TWIA) is optimistic that it will achieve “relatively good pricing” on its $2.1bn reinsurance programme and is prepared to shift the balance between cat bond and traditional capacity as it navigates a more challenging property cat market.

Tue 12 May 2020

Accelerating rate increases in heavily tiered Florida renewal

News

Homeowners insurance

Accelerating rate increases in heavily tiered Florida renewal

A rapidly hardening mid-year property cat market is exposing the stark contrast between better regarded Florida homeowners carriers and lower tier players as reinsurers become increasingly judicious in the deployment of their capacity.

Tue 12 May 2020

Hartford files countersuit in BI dispute with shoe store

News

Business interruption

Hartford files countersuit in BI dispute with shoe store

The Hartford has become the latest insurer to hit back at an insured that sued it over business interruption (BI) losses, filing a complaint against shoe store Moda seeking a declaration it has no obligations to pay losses related to Covid-19.

Tue 12 May 2020

New Pennsylvania bill takes different approach to retroactive BI cover

Analysis

Business interruption

New Pennsylvania bill takes different approach to retroactive BI cover

A bill introduced in Pennsylvania at the end of April takes a different approach to business interruption (BI) claims by stipulating that “direct physical damage” includes the presence of Covid-19.

Tue 12 May 2020

News

Florida’s FCCI fires CEO Johnson after arrest

Florida-based regional insurer FCCI Insurance Group has fired its chairman, president and CEO Craig Johnson two days after it had placed him on a leave of absence following his arrest allegedly for resisting arrest and for battery on a police officer.

Tue 12 May 2020

News

Former Zurich CEO Gerber dies at 91

Fritz Gerber, who was CEO of Zurich from 1974 to 1991, has passed away at the age of 91.

Tue 12 May 2020

COVID-19

Covid-19 virtual roundtable: Issue Seven

There is a lot riding on whether claims emanating from the Covid-19 crisis filter through to the insurance-linked securities market.

Tue 12 May 2020

Exor’s $9bn sale of PartnerRe to Covéa collapses amid Covid-19

News

M&A

Exor’s $9bn sale of PartnerRe to Covéa collapses amid Covid-19

The agreed $9bn deal for Covéa to buy PartnerRe has fallen through after the Bermudian reinsurer’s Italian parent Exor said that the French mutual had tried to renegotiate terms.

Tue 12 May 2020