Commercial Lines articles – Page 84
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NewsLloyd’s calls for industry and government collaboration to mitigate future systemic risks post-Covid19
Lloyd’s of London is calling for close collaboration between insurers, brokers, customers, the global industry and government in designing cover for future systemic risks, which it says are complex.
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NewsProbitas 1492 gains Lloyd’s ‘in principle’ approval to establish managing agency
The new firm will assume the management of Syndicate 1492 from Capita Managing Agency Limited
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NewsLloyd’s of London reveals plans for September re-opening featuring Covid precautions
It will be making use of video calling as well as establishing a virtual room where brokers and underwriters can connect according to Lloyd’s boss John Neal
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NewsTwo-thirds of UK brokers don’t think the industry has responded well to the Covid-19 crisis
Nearly all of the research respondents agreed that policy wordings need to be reviewed urgently
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NewsLloyd’s reveals first firm to adopt new API tipped to benefit brokers and underwriters
It will benefit brokers and carriers by allowing the frictionless flow of data
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NewsLondon market top performers say strong portfolio management led to 5% uptick in COR
New research shows that portfolio management is ‘an increasingly important tool’ in delivering underwriting profit
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NewsTotus Re urging business bodies to call on chancellor
The insurance collective is urging the chancellor to agree the model
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NewsInsurtech Whitespace signs first US carrier to platform
It will bolster the insurtechs connections in the London market and electronic placing
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NewsGallagher launches new bloodstock, livestock and aquaculture practice
The team has joined from Willis Towers Watson
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NewsAllianz’s Jon Dye joins Pandemic Re Steering Committee
The group today announces six new working groups and a project committee
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NewsFCA publishes guidance for insurers and brokers handling BI claims during test case
Firms will be required to review all relevant claims and complaints for test case judgement implications
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NewsReal-time data and technology is key for staying on top of climate change risks
Declining postcodes is too generic when insuring flood risks says LexisNexis Risk Solutions
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NewsCredit rating agency says insurers’ credit quality could be affected by BI court cases
The firm’s latest report stressed ‘the impact of potential liability exposure, particularly in relation to event cancellation and BI claims’ linked to the coronavirus pandemic
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NewsInsurance sector 'takes no pleasure' in declining Covid-related BI claims, insists ABI
In an open letter to SME signatories, the ABI director general says state support is the only way to make pandemic insurance affordable for small businesses
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NewsCovid-19 is ‘kick ass call to action’ for insurers to move away from traditional working patterns
The Covid-19 pandemic and associated lockdown regime is a “kick ass call to action” for insurance companies to reinvigorate working patterns to adapt to “new social norms” once offices re-open.
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NewsAviva and Zurich UK among insurers contributing to new industry-wide coronavirus support fund
The fund is supported by members from the ABI, Biba, Lloyd’s and the London Market Group
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NewsWebinar Special: Matt Pini on how Covid19 impacts on Lloyd’s, London market and rates
Mat Pini says Lloyd’s and London market is coping ‘admirably’ with the impact of Covid19, he also gives view on rates
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NewsAIG reveals new ‘largest ever’ Lloyd’s Syndicate 2019
It will allow AIG to continue its strategy for optimising its general insurance portfolio
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NewsWillis Towers Watson predicts up to $13.9bn market loss for BI and contingency lines due to Covid-19
The firm’s insurance consulting and technology business says the effectiveness of policy wordings is a key uncertainty
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NewsHiscox considers raising new equity in response to Covid-19 uncertainty
Despite this approach, the insurer announced on the London Stock Exchange that its ‘funding positions remain robust’
