COVID 19: Forced retrospective payments in US ‘risk industry stability’
An influential insurance body has warned American legislators not to impose retroactive insurance payments as it could destabilise the insurance sector, dubbed ‘one of the nation’s essential services’.
Swiss Re ‘resilient’ in face of pandemic - but has $3.1bn exposure in L&H
Reinsurer ‘put in place hedges’ as the pandemic began to unfold, to ‘partially mitigate the economic impacts’.
COVID-19 could drive private equity-driven M&A in insurance sector
The shifting economic landscape is creating an air of uncertainty and many M&A deals are being put on hold. But, dealmakers also see opportunities in an economic downturn.
COVID-19 will hit life insurers hardest
The ripple effect of COVID-19 has now spread deep into global financial markets and falling interest rates are putting increasing pressure on insurers earnings and capital.
The C-word: six ways it will hit insurers – but some positives
As society and the global economy enters unprecedented times as a result of Coronavirus (COVID-19), the insurance industry is grappling to quantify what its impact will be on the industry. While unpleasant surprises no doubt lie ahead, experts at merchant bank Stonybrook Capital argue that its impact will be muted compared to many other industries.
COVID-19 may mean rate hikes for renewables projects
Renewable energy projects are facing a direct impact from COVID-19 through decreased working patterns and business interruption. And the sector could also face rate hikes from their insurers and potential gaps in coverage depending on policy wordings.
Challenges ahead as complex risk of renewables drives up costs
Mounting pressure on governments and insurers to adopt more sustainable models is driving investment in renewables. But climate change coupled with an adjusting insurance market is making renewables projects more expensive to insure.
Kenya key to fruitful US-Africa insurance trade agreement
When looking to tap foreign markets, many re/insurers are faced with significant barriers to entry such as forced data localisation and caps on foreign investment. The American Property Casualty Insurance Association (APCIA) seeks to leverage the US trade agenda to mitigate these barriers, spotlighting Africa as a land of opportunity.
Affirmative cyber policies vital for maritime sector
In the shipping industry, a cyber incident has the potential to reroute vessels and disrupt supply chains critical for world trade. But, there are hidden protection gaps associated with cyber risk which could be targeted by sophisticated hackers.
Aon and WTW union could bring $1.3bn cost synergies - but also regulatory scrutiny
As the re/insurance world digests the implications of the merger between Aon and Willis Towers Watson, Intelligent Insurer examines the implications of the deal for the market and asks experts what the potential cost synergies might look like.
