The Lloyd’s legacy business has been placed up for sale, along with other units....
IAG and Suncorp to release Covid BI provisions following Oz court decision
Australian insurers IAG and Suncorp are to reduce provisions they made against possible Covid-19-related BI losses, following a High Court of...
Australian insurers IAG and Suncorp are to reduce provisions they made against possible Covid-19-related BI losses, following a High Court of...
Article / 2 years ago
Parametric covers may aid ILS support for non-PD business interruption: Guy Carp
Parametric index-style covers will likely be where the ILS market starts to get involved in non-physical damage BI...
Parametric index-style covers will likely be where the ILS market starts to get involved in non-physical damage BI...
Article / 3 years ago
BI aggregation issues will need further testing
As the (re)insurance market assesses how the UK Supreme ruling will impact BI claims...
As the (re)insurance market assesses how the UK Supreme ruling will impact BI claims...
Article / 3 years ago
CinFin wins Illinois BI battle against hotel over contested Covid-19 claim
A federal court judge in Illinois has become the latest to rule in favor...
A federal court judge in Illinois has become the latest to rule in favor...
Article / 3 years ago
BI cases highlight uncertainty in renewals stand-off
The upcoming Thanksgiving holiday has thrown into relief the uncertainty remaining...
The upcoming Thanksgiving holiday has thrown into relief the uncertainty remaining...
Article / 3 years ago
Covid BI treaty negotiations may smooth ground for retro cases
Some of the battles over potential Covid BI exposure that we have already covered in the retro markets are now also being played out at a reinsurance level...
Some of the battles over potential Covid BI exposure that we have already covered in the retro markets are now also being played out at a reinsurance level...
Article / 4 years ago
Pandemic hours clause uncertainty will endure until insurance cases progress
How the hours clause is applied in determining Covid-19 losses is emerging as a potential battleground between insureds and reinsurers, with seminal decisions ahead which...
How the hours clause is applied in determining Covid-19 losses is emerging as a potential battleground between insureds and reinsurers, with seminal decisions ahead which...
Article / 4 years ago
UK regulator test case raises key points in BI debate
The UK Financial Conduct Authority test case for disputed Covid-19-related BI claims could have huge implications for primary insurers, according to sister publication Insurance Insider...
The UK Financial Conduct Authority test case for disputed Covid-19-related BI claims could have huge implications for primary insurers, according to sister publication Insurance Insider...
Article / 4 years ago
Reinsurers need a back-up plan to avoid post-Covid fundraising bubble
To what extent does the business opportunity for new start-ups rely on BI losses that the industry is vigorously rebutting?...
To what extent does the business opportunity for new start-ups rely on BI losses that the industry is vigorously rebutting?...
Article / 4 years ago
Covid's long-tail BI risk will test trapped capital evolution
There are growing concerns that trapped capital will be a thorny issue for the retro market for a fourth year running as a result of BI claims activity heading into 2021...
There are growing concerns that trapped capital will be a thorny issue for the retro market for a fourth year running as a result of BI claims activity heading into 2021...
Article / 4 years ago