Lloyd's today announced a return to profit of £2.5bn (pre-tax) for 2019, representing an improvement of £3.5bn on the previous year (2018: a loss of £1.0bn) and...
Read moreThe positives in the 2019 results centred around releases from back years' reserves for the 15th consecutive year, a lower level of major losses and lower opera...
Read moreJapanese primary insurers, their brokers and Lloyd’s underwriters have been preparing for the 1st April renewals well in advance with expectations running high ...
Read moreA transcript of Alistair Wood's podcast on the topic of COVID-19 has been sent to Members on 16 April....
Read moreA group of businesses led by PR firm Media Zoo, allege that Hiscox is trying to avoid paying out for what they believe are legitimate business insurance (“BI”) ...
Read moreThe FCA has written one of its open "Dear CEO" letters dated 15 April to UK insurers advising that it sees no “reasonable grounds” to intervene in BI claims for...
Read moreThe QBE insurance group based in Sydney Australia, has announced that it is taking “pre-emptive and decisive action” as a result of COVID-19 to increase its cap...
Read moreAccording to rating agency AM Best, in an opinion piece of early April, the underwriting risk from Covid-19 for the non-life reinsurance industry is manageable ...
Read moreAs mentioned in Alistair Wood's podcast recently sent to Members in writing, a number of US states are arranging bills for their legislatures to pass that would...
Read moreReuters reported yesterday that Lloyd’s is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority ("PRA") and is ...
Read more