Commercial Lines – Page 72
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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’
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NewsPioneer and K2 agree terms for underwriting portfolio transfer
The deal is expected to close by the end of Q2
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NewsCovid-19 pandemic event could be most expensive ever for insurers, says Lloyd’s chief
Pandemic could cost hundreds of billions, says John Neal
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NewsAviva chairman Adrian Montague to lead City coronavirus task force
More than 40 City leaders have been contacted for pro-bono assistance
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Online onlyBroker rolls out coronavirus-adapted employee benefits package for staff
The new package has been adapted to the Covid-19 pandemic with video sessions and webinars on offer
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NewsLloyd’s Lab reveals fourth cohort of insurtechs
The global (re)insurance market accelerator has unveiled twelve new insurtech disruptors to join its programme
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NewsUK insurers brace as bosses could face coronavirus-related D&O claims and legal action
An uptick in litigation targeting directors and officers is a likely consequence of the Covid-19 pandemic
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NewsReSolution Underwriting Holdings buys technical underwriting MGA
The purchase has been designed to expand the firm’s breadth of business
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NewsLloyd’s board grants Blenheim Underwriting approval to establish new MGA
The company now plans to apply for regulatory approvals
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NewsLloyd’s boss confident it can weather Covid-19 storm as it returns to profit
Its combined ratio saw an improvement of 2.4 percentage points
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Online onlyFitch Ratings revises London market insurance sector outlook to negative amidst coronavirus pandemic
Fitch Ratings said the move reflected the “disruption and the related impacts on the credit quality of London Market insurers” caused by the outbreak
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Online onlyFOS reveals most complained about insurers
New data from the Financial Ombudsman Service reveals which insurers consumers are complaining about the most
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NewsLMA publishes policy wordings to protect renewals if Covid-19 makes Lloyd’s inaccessible
The association feels it is ‘prudent to ensure Lloyd’s customers are not left without coverage’
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NewsLloyd’s to shut underwriting room to test coronavirus contingency plan
The underwriting room and other public areas will also get a deep clean
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NewsNIG latest insurer to cancel non-essential external visits due to coronavirus exposure risks
Aviva and AXA have already confirmed meeting cancellations as a ‘precautionary measure’
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NewsLloyd’s syndicate partners with cryptocurrency broker to protect online wallets
Insurers TMK and Markel have also backed the new liability policy
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NewsAviva cuts staff meetings in bid to avoid Coronavirus spread
A source told Insurance Times that all non-essential external meetings for Aviva staff have been cancelled
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NewsAIG hires Lloyd’s veteran Jon Hancock in senior role
He also spent 26 years at RSA in an array of senior roles including managing director UK in commercial lines
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NewsMGAs in line for Lloyd’s syndicate-in-a-box bids
Higher than expected number of bids to launch syndicates, Lloyd’s chief said
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NewsInsurance data standards body forms London Market advisory board
The board has been set up to help industry gain maximum value from data exchange
