Search | The Insurer TV

Syndicate 2525 bolsters international casualty with Apollo’s Harcus

News

People Moves

Syndicate 2525 bolsters international casualty with Apollo’s Harcus

Dale Syndicate 2525, an employment and third-party liability insurer at Lloyd’s, has appointed Charles Harcus as head of international casualty.

Thu 9 Apr 2020

News

Hiscox shares surge 20% in week despite dividend suspension

Shares in London-listed Hiscox traded up over 8 percent on 9 April to close over 20 percent higher despite the shortened week.

Thu 9 Apr 2020

News

Jetty cuts 40% of workforce after halting policies with Munich Re

Silicon Valley-based rental insurance start-up Jetty has laid off 40 percent of its workforce and stopped writing new business in an attempt to protect its balance sheet from any coronavirus-related fallout.

Thu 9 Apr 2020

Lloyd’s fresh capital demands in accelerated mid-year solvency test

News

Capital raising

Lloyd’s fresh capital demands in accelerated mid-year solvency test

Against a backdrop of rating agencies scrutinising carriers’ balance sheets for any Covid-19 weaknesses, Lloyd’s has accelerated its mid-year coming-into-line process and imposed new rules which will result in fresh solvency capital demands from its insurers and third-party capital providers.

Thu 9 Apr 2020

Wall Street futures slip ahead of weekly unemployment data

News

COVID-19

Wall Street futures slip ahead of weekly unemployment data

US equity futures edged lower ahead of the open on Thursday, with investors nervously anticipating the latest release of jobs data and an emergency OPEC meeting that could deliver the largest oil output reduction on record.

Thu 9 Apr 2020

Agent/broker M&A falls in Q1 with further slowdown expected: Optis

Analysis

M&A

Agent/broker M&A falls in Q1 with further slowdown expected: Optis

Optis Partners has revealed the first quarter included significant US agent/broker deals involving Marsh & McLennan Agencies, World Insurance Associates and Risk Strategies but acquirers hit the brakes in March with a further slowdown expected in the second quarter.

Thu 9 Apr 2020

News

COVID-19

Reinsurers reducing event cancellation capacity in Covid-19 fallout

Contingency underwriters issuing new policies for events that have been postponed as a result of Covid-19 are facing a reduction in available limits as reinsurers reassess their appetite for the line of business, The Insurer can reveal.

Thu 9 Apr 2020

European (re)insurance stocks make modest rise on signs virus spread is slowing

News

COVID-19

European (re)insurance stocks make modest rise on signs virus spread is slowing

European (re)insurance stocks rose in early trading on Thursday as investors expressed optimism that the coronavirus pandemic is peaking.

Thu 9 Apr 2020

Farmers and Travelers join US carriers in auto premium rebates

News

Personal auto

Farmers and Travelers join US carriers in auto premium rebates

Overnight, the US retail division of Zurich, Farmers Group and Travelers became the latest carriers to offer customers auto premium rebates to reflect the reduction in driving during the coronavirus lockdown.

Thu 9 Apr 2020

Exor: “difficult” $9bn PartnerRe-Covéa deal will proceed despite pandemic

News

M&A

Exor: “difficult” $9bn PartnerRe-Covéa deal will proceed despite pandemic

The CEO of Italian investment firm Exor has vowed to push through a series of transformative deals, including its $9bn sale of (re)insurer PartnerRe to French mutual Covéa, despite the market turmoil wrought by the coronavirus pandemic and speculation it might disrupt the latest (re)insurer M&A deal this year.

Thu 9 Apr 2020

News

COVID-19

Lloyd’s calls for accelerated recapitalisation over Covid-19 losses

Lloyd’s of London has called for members suffering sizable losses on the back of the coronavirus pandemic to accelerate their capital injections, which ratings agency S&P has deemed a “practical” and helpful measure.

Thu 9 Apr 2020

TSR ups Atlantic hurricane season forecast

News

Property catastrophe

TSR ups Atlantic hurricane season forecast

Tropical Storm Risk (TSR) has increased its forecast for the Atlantic hurricane season, predicting that activity will be 25 percent higher than the long-range norm since 1950 and 10 percent above the 10-year norm from 2010 to 2019.

Thu 9 Apr 2020

Asia-Pacific rally ebbs in mixed Thursday session

News

Results

Asia-Pacific rally ebbs in mixed Thursday session

A rally in Asia-Pacific equities began to run out of steam overnight, as investor confidence seesawed over hopes that the coronavirus outbreak could be nearing its peak and fears over the pandemic’s catastrophic impact on global business and economic activity.

Thu 9 Apr 2020

The Atlantic divide: US carriers won’t face the same pressure on dividends as Europeans…

Comment

COVID-19

The Atlantic divide: US carriers won’t face the same pressure on dividends as Europeans…

Yesterday, a quartet of UK insurers bowed to regulatory pressure and in a coordinated flurry of announcements told their shareholders they were postponing or cancelling dividends because of the COVID-19 crisis.

Thu 9 Apr 2020

RPS launches online quoting platform for standard lines

News

Wholesale

RPS launches online quoting platform for standard lines

Wholesale broker Risk Placement Services has launched an online quoting platform for standard lines business.

Thu 9 Apr 2020

FM Global slashes communicable disease sub-limits as reinsurers tighten terms

News

Commercial property

FM Global slashes communicable disease sub-limits as reinsurers tighten terms

FM Global is lowering communicable disease business interruption (BI) sub-limits provided in its standard property policies from $1mn to just $10,000 in the Covid-19 fallout ahead of an expected tightening of terms from reinsurers at its upcoming treaty renewal, The Insurer can reveal.

Thu 9 Apr 2020