Content
News
US P&C sees 21.3% increase in Q1 underwriting income
Covid-19 losses more likely to show in later part of year, says AM Best
UK weekly Covid-19 deaths rise slightly
Increase is masked by backlog of unregistered deaths from previous week
Lloyd's gets approval to transfer Brexit-impacted policies
Insurance market can inform customers about transferring affected policies to its Brussels unit
Insurtech weekly: Tremor; Coalition; By Miles; Clara; EIS; Convr
InsuranceERM rounds up all the developments in the fast moving world of insurtech
Liberty Specialty Markets names Kim Swan as CRO for Asia
Swan previously worked for Lloyd's of London in a variety of roles in Asia-Pacific
Aegon's Spanish unit capital coverage dropped below 100% in 2019
Dutch group injected €75m in Q3 and instituted changes at Aegon Espana
Scor's Denis Kessler takes a 30% pay cut
French reinsurer also halts 2019 dividend plans
Reinsurers braced for pandemic-fuelled mortgage losses
AM Best says mortgage delinquency rates are expected to spike because of Covid-19
Covid-19 decimates Uniqa's investment income
Group also paid higher charges in Q1
Noaa warns of busy 2020 hurricane season
Between 6-10 hurricanes in the Atlantic are forecast
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Allstate hit with $632m cat losses
The losses were for six events, plus unfavourable reserve re-estimates
Purpose statements risk being double-edged swords in Covid-19
EY said purpose statements can be "lightning rods for criticism" during the pandemic
Spanish insurers create largest-ever group life plan for Covid-19 workers
Trade association Unespa coordinates free coverage for healthcare staff
Generali details expected sources of pandemic losses
Italian insurer's motor claims frequencies are down 30%
US associations unveil pandemic insurance proposal
Differs from terrorism-risk model being debated in Congress
Covid-19 cases forecast to hit 50m in next month
AIR Worldwide modelling predicts death toll could reach 644,000
Randall & Quilter hires CFO from Bank of America
Tom Solomon to take over responsibilities from Alan Quilter
Aviva expecting net £160m of Covid-19 claims
Business interruption, commercial and travel lines hit by pandemic
Investments and generosity hit Generali's Q1 result
Italian insurance group's net profits slump 84%
Aviva and QBE face Covid-19 BI litigation from hospitality sector
It come as the ABI has also responded to criticism from pub businesses in lockdown
Insurance Council of Australia recruits Andrew Hall as chief
Hall joins the ICA from the Commonwealth Bank
Johnson & Johnson discontinues talc product sales in US and Canada
Covid-19 and reduced demand in sales led to the decision
Vienna talks of return to a new normal in Q1 results
Q1 net result up 2.8%, though CEO warns of likely reduction in premiums in Q2
Eight French insurers added to list of IAIGs
Eiopa's list now stretches to 17 firms
UK holiday exaggerates drop in Covid-19 deaths, says CMI
Just 88 deaths recorded on VE Day, nearly 30 times lower than previous Friday
Eiopa: EU insurers' macro and market risks spiked in Q1
Most risks categories have increased in level due to Covid-19
Insurtech weekly: Generali; Brit; Urban Jungle; Envelop Risk; Zesty.ai
InsuranceERM rounds up all the developments in the fast moving world of insurtech
Zurich sustainability chief talks up climate drive post Covid-19
John Scott advocates fiscal stimulus funds be spent on pursuing a lower carbon economy
Beazley raises $300m to exploit rising rates
Equity placement will also strengthen balance sheet against Covid-19 uncertainty
Analysis
Guiding Axa through Covid-19
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Axa's group chief risk officer Renaud Guidée discusses pandemic insurance pools and Covid-19 business interruption cover with Ronan McCaughey - and argues no other industry has gone so far as insurance to help customers during the crisis
Australia's insurers get grilled after the country burns
A parliamentary committee took Australia's insurers to task after a torrid season of bushfires, Covid-19 and scathing criticism of their conduct and governance. David Walker reports
Conduct risk in an outcomes-based environment
The UK's conduct regulator has signalled a new approach to overseeing the insurance industry - and with Brexit has the potential to make bolder moves. Paul Walsh reports from an Association of British Insurers event on the hopes and fears for future of conduct regulation
Insurers to rethink operational resilience post Covid-19
Insurers' operational risk management already faced scrutiny before the Covid-19 pandemic. Now, experts from Crowe and Oric International expect operational resilience to become a priority for management. Ronan McCaughey reports
Retroactive BI cover needed to save US businesses, says legislator
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On the eve of a potential hearing of the retroactive business interruption bill in the New York State Assembly, the bill's architect Robert Carroll explains his rationale to Sarfraz Thind and why he is hopeful of winning the argument
Market crash raises questions on matching adjustment benefit
The question of whether the Solvency II matching adjustment (MA) provides an appropriate benefit to insurers has returned to the fore in pandemic-hit markets. Christopher Cundy reports
Generali's green ILS framework: a pioneer for sustainable insurance
Issuing green catastrophe bonds will help the Italian insurer to diversify its investor base and contribute to improving its sustainability, as Mirko Sartori explains to Peter Cripps
Sport versus insurers: let the game commence
Covid-19 has ravaged the sporting world. A blanket halt in global events threatens to cost organisers billions and insurers are being asked to pay. Both sides have strong arguments — and even stronger legal teams, as Paul Walsh and Sarfraz Thind report
DAV's Frank Schiller on the Solvency II review
Germany's actuarial association has some strong opinions on how the EU's regulation needs to be reformed - or left untouched - as board member Frank Schiller explains to David Walker
Argo Group's risk system lights a way through Covid-19
Alex Hindson, chief risk officer of Argo Group, explains how the Bermuda-headquartered insurer is addressing the operational, investment and underwriting risks caused by the Covid-19 pandemic. Interview by Ronan McCaughey