Search | The Insurer TV

News

Marine

Zurich accelerates launch of online marine insurance platform

Swiss giant Zurich has accelerated a broader roll-out of its newly developed marine insurance platform for small and medium cargo, after a trial period in various markets around the world.

Wed 25 Mar 2020

BIBA cancels flagship conference on coronavirus concerns

News

COVID-19

BIBA cancels flagship conference on coronavirus concerns

The annual conference organized by the British Insurance Brokers Association (BIBA), which was due to take place on 13 and 14 May, has been cancelled as coronavirus-related lockdown measures escalate.

Wed 25 Mar 2020

News

COVID-19

ILS open for business despite Covid-19 and financial freefall: GC

The insurance linked securities (ILS) market remains open for business despite the impact of the Covid-19 virus and the freefall within the financial markets, according to Guy Carpenter.

Wed 25 Mar 2020

Two Oklahoma tribes sue insurers for coronavirus BI casino coverage

News

Business interruption

Two Oklahoma tribes sue insurers for coronavirus BI casino coverage

In the latest coronavirus-related lawsuits to be filed against insurers, two Oklahoman tribes are going to war with carriers including AIG and Lloyd’s over whether the business interruption of their casinos is covered under their policies.

Wed 25 Mar 2020

K2 names former Victor executive Smith as president

News

Commercial insurance

K2 names former Victor executive Smith as president

Mark Smith, most recently chief underwriting officer at Marsh-owned MGU Victor US, has joined expansive MGA and program manager K2 Insurance Services as president.

Wed 25 Mar 2020

Chaucer hires QBE’s Blanco as international GL class underwriter

News

People Moves

Chaucer hires QBE’s Blanco as international GL class underwriter

Chaucer has appointed Ana Blanco, class underwriter to develop the carrier’s international general liability account.

Wed 25 Mar 2020

Will (re)insurance rate trump global recession?

Analysis

COVID-19

Will (re)insurance rate trump global recession?

Underwriters hoping for sustained pricing momentum in 2020 face conflicting dynamics as the fallout from Covid-19 hits clients’ exposure bases and budgets at the same time as mounting pressure on both sides of insurer balance sheets makes the push for rate even more of an imperative.

Wed 25 Mar 2020

Coronavirus won’t dent positive pricing momentum: JMP

News

COVID-19

Coronavirus won’t dent positive pricing momentum: JMP

A coronavirus-spurred recession will be “very manageable” for the P&C insurance sector, with a drop-off in insurance demand due to economic slowdown not powerful enough to halt the industry’s firming pricing cycle, JMP Securities analysts have said.

Wed 25 Mar 2020

US futures erase gains as European rally loses steam

News

COVID-19

US futures erase gains as European rally loses steam

Wall Street futures followed European stocks into reverse today as markets shed gains from an earlier surge after lawmakers in Washington reached an agreement on a $2trn stimulus package aimed to support the economy harmed by the coronavirus shut-down.

Wed 25 Mar 2020

Prudential mulls sale of entire Jackson US unit

News

COVID-19

Prudential mulls sale of entire Jackson US unit

UK life insurer Prudential plc has revealed it is exploring a broader range of options to divest the ownership of its Jackson National Life business, as plans for the previously announced IPO could be shelved on the back of coronavirus-related “turmoil” in the equity markets.

Wed 25 Mar 2020

AIG Re adds Aon’s Michel as head of risk analytics

News

People Moves

AIG Re adds Aon’s Michel as head of risk analytics

AIG has appointed Gero Michel to head up the analytics capability for its reinsurance division.

Wed 25 Mar 2020

European (re)insurers continue boom after US Congress agrees $2trn coronavirus stimulus

News

COVID-19

European (re)insurers continue boom after US Congress agrees $2trn coronavirus stimulus

European (re)insurance stocks have leapt for a second day this morning following a historic rally in trading yesterday as investors appear endowed with a fresh sense of optimism from the enormous transatlantic stimulus packages and the sector’s defensive appeal.

Wed 25 Mar 2020

Guy Carpenter takes AIG’s Williams to head Client Support Services

News

People Moves

Guy Carpenter takes AIG’s Williams to head Client Support Services

Reinsurance broker Guy Carpenter has named George Williams managing director, global head of client support services.

Wed 25 Mar 2020

Comment

Aon-WTW: The chosen two

There is plenty to read into the appointment of Eric Andersen and Julie Gebauer to lead the mammoth task of integrating the largest ever insurance brokerage merger.

Wed 25 Mar 2020

Asia-Pacific equities rally after historic surge on Wall Street

News

COVID-19

Asia-Pacific equities rally after historic surge on Wall Street

Asia-Pacific stocks rallied overnight after a historic surge in US and European equities as leaders in Washington agreed on a $2tn package to soften the US economic blow from coronavirus.

Wed 25 Mar 2020

Analysis

COVID-19

Covid-19 sell-off squeezes European multiples despite yesterday bounce

Despite yesterday being the best day for European equities markets since 2008, the coronavirus-inspired March rout in global equities means three out of four of the Continent’s largest P&C carriers still trade at a discount to book, based on year-end values.

Wed 25 Mar 2020