Welcome to our new podcast: The Best Policy
In our second interview, Stephen Catlin shares his thoughts on the quantum for COVID-19 total losses and what the consequences will be if the industry does not respond adequately...Listen to Stephen Catlin: Part II
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.
Despite the global recession and the ice chill that has frozen the deal-financing markets, few would bet against Aon Group CEO Greg Case delivering on his bold, career-defining WTW swoop signed last month.
Louisiana has joined the handful of US states that could let Covid-19 claims get out of hand for insurers by considering legislation to override policy exclusions.
If the US insurance industry’s role is to be a facilitator of economic growth then events of the last few weeks have put it in an invidious position.
The timing of AM Best’s move to stress test for a pandemic in the middle of the Covid-19 crisis is hardly helpful from the perspective of under-pressure (re)insurers.
Last week, a British MP got confused between an insurance company and a bank while discussing the impact of pandemic exclusion clauses on a BI policy.
Remember the days when insurance companies used to be described as a fund manager with a loss-making underwriting business alongside?
Scarred by memories of “Superstorm” Sandy almost eight years ago, the US insurance industry is on the front foot looking to work with legislators on solutions that don’t leave it carrying the can for exposures that are clearly excluded from coverage.
Last week, insurers and brokers around the world pulled the shutters down and imposed compulsory working from home for their underwriters and producers.
This month saw cat bond investors confronted by two Florida-focussed cat bonds issued by insurers. What would they tell us about the fast-approaching 1 June renewals in the sunshine state?
Some Florida homeowners carriers could be years away from profitability as unprecedented market conditions prevail in the Sunshine State
Yesterday morning brought home a series of ugly flashbacks from the financial crisis of 2008-09.
A court ruling on the first proposed IBT in Oklahoma could lead to a surge of activity in the $350bn US legacy market…
Whoever succeeds Jon Hancock will become only the fourth head of Lloyd’s underwriting performance.
Hallmark Financial’s announced exit from binding primary auto business demonstrates the long road to recovery that many underwriters face before the issue of claims severity disappears in the rear-view mirror.
Earlier today, it was announced the UK terrorism mutual, Pool Re, is to fall under government supervision following classification by The Office for National Statistics (ONS) that it is a public body.