Chubb classifies Covid-19 as a catastrophe event
Chubb, the U.S. and global primary insurance carrier and reinsurance company, is classifying the Covid-19 pandemic as a catastrophe loss,.. Read More
Personal Insurance
SCOR gains 6.6% price increase at April reinsurance renewals
French reinsurer SCOR has reported that it experienced a 6.6% increase in pricing across its book, while premiums underwritten rose,.. Read More
New York MTA to renew MetroCat Re parametric cat bond. Launches $100m deal
The New York Metropolitan Transportation Authority (MTA) has returned to the catastrophe bond market for the third time, seeking to,.. Read More
Denying a Hypothetical Claim for Extra Replacement Cost Coverage Does Not Result in a Breach of Contract | Property Insurance Coverage Law Blog | Merlin Law Group
In Tarakanov v. Lexington Insurance Company,1 the United States District Court Northern District of California dismissed the insureds’ suit, which,.. Read More
Beazley says Covid-19 losses to reach $170m after reinsurance
Beazley, the specialist Lloyd’s focused insurance and reinsurance underwriting business, has revealed an expected Covid-19 claims burden of $170 million,.. Read More
Hannover Re withdraws 2020 profit guidance on Covid-19
Germany headquartered reinsurance firm Hannover Re has withdrawn its profit guidance for 2020 due to the uncertainty over claims from,.. Read More
Fronting start-up Obsidian hires program specialist Larkin as CUO
Fronting insurance holding company Obsidian has announced the hiring of program underwriting specialist Dan Larkin as the firms new Chief,.. Read More
TigerRisk takes strategic PE investment from Flexpoint Ford
TigerRisk Partners LLC, the global risk, capital and reinsurance brokerage and advisory, is targeting accelerated and growth has taken a,.. Read More
Manufacturing & Distribution Risk Considerations in Response to COVID-19 | Scott Insurance
The COVID-19 pandemic has created a crisis globally and manufacturing and distribution (M&D) companies are responding to the challenge in,.. Read More
ILS funds marking some positions for potential Covid-19 exposure
A number of insurance-linked securities (ILS) fund managers have proactively marked-down some collateralised reinsurance positions, seeing a risk of potential,.. Read More
Travelers result dented by Covid-19, catastrophes & Tennessee tornadoes
U.S. primary insurer Travelers has reported a decline in its first-quarter net income, with the major dent to the result,.. Read More
