NewsCOVID-19Wall Street futures point higher as earnings season kicks offUS stock futures pointed higher on Tuesday, following gains across European and Asian markets as investors grew more optimistic about the coronavirus outlook while bracing for the start of the corporate earnings season.Tue 14 Apr 2020
NewsProperty catastropheMississippi gov declares state of emergency as tornadoes strike southern USMississippi State Governor Tate Reeves has declared a state of emergency in the state after tornadoes swept across the Southern US this weekend and damaged hundreds of structures.Tue 14 Apr 2020
CommentQBE: Canary in the capital mine?The global P&C industry has been drowning in a surplus of capital for so long that it’s a shock to write of dividends and share buy-backs being cancelled for reasons of balance sheet prudence.Tue 14 Apr 2020
NewsCOVID-19European (re)insurance stocks make timid gains on Chinese trade dataEuropean (re)insurance equities made timid gains in early trading, largely following Asian-Pacific markets higher after upbeat Chinese trade data fuelled optimism that its economy was bouncing back.Tue 14 Apr 2020
NewsCOVID-19Swiss Re pledges $5.1mn to support Covid-19 relief effortsSwiss Re Group has pledged CHF5mn ($5.1mn) to support organisations involved in tackling the coronavirus pandemic, particularly in developing countries.Tue 14 Apr 2020
NewsPeople MovesEd hires AJG’s Perera for transactional risk headBroker Ed has appointed Niraj Perera as head of transactional risk in its professional and executive risk team.Tue 14 Apr 2020
NewsSwiss Re Corporate Solutions adds Marsh’s Delavy as EMEA distribution headSwiss Re Corporate Solutions has appointed Claudine Delavy as head of distribution management, Europe, Middle East and Africa (EMEA).Tue 14 Apr 2020
NewsQBE to raise A$1.3bn for coronavirus bufferAustralian insurer QBE has announced a major AUD1.3bn ($825mn) equity raise in a move designed to shield its balance sheet from any pandemic-induced economic recession.Tue 14 Apr 2020
NewsResultsAsia-Pacific stocks rise on Chinese trade dataAsia-Pacific (re)insurance stocks gained ground overnight after official data from China reported a smaller-than-expected hit to trade, though investors remained nervous heading into what could be a rough corporate earnings season.Tue 14 Apr 2020
CommentCOVID-19Reputations at stake…Once again, Warren Buffett nails it with one of his pithy observations.Tue 14 Apr 2020
NewsM&AR&Q acquires US workers comp and GL book from ICIICLRandall & Quilter Investment Holdings (R&Q) has agreed to acquire the entire issued share capital of ICI Insurance Company Limited (‘ICIICL’).Tue 14 Apr 2020
NewsCOVID-19ABI responds to criticism with Covid-19 charity fundThe Association of British Insurers (ABI) is in advanced discussions to create a charitable Covid-19 fund amidst growing criticism of the UK industry’s response to the crisis, The Insurer can reveal.Tue 14 Apr 2020
NewsCOVID-19Philadelphia restaurant sues Berkley E&S unit over Covid-19 lossesWR Berkley is involved in another lawsuit seeking an insurance pay out for Covid-19 business interruption (BI) losses, with a restaurant in Philadelphia suing its E&S unit Admiral Indemnity Company.Tue 14 Apr 2020
NewsMarineLiberty Specialty Markets names Watkinson marine transportation headLiberty Specialty Markets (LSM) has appointed Rachel Watkinson head of its marine transportation and logistics offering while also hiring Alex Becker from MS Amlin to lead its hull account.Tue 14 Apr 2020
NewsCommercial autoSelective offers auto customers 15% premium creditSelective Insurance Group has become the latest US auto insurer to offer customers a premium credit to reflect the drop-off in driving activity brought about by the Covid-19 outbreak.Mon 13 Apr 2020
NewsEverest appoints CFO for international insurance businessEverest Re has appointed an international chief actuary and chief financial officer (CFO) for its international insurance business as the company continues to grow its operations outside of North America under the oversight of Vincent Vandendael.Mon 13 Apr 2020