The impact of the COVID-19 virus on the global economy has been profound. Greg Wojciechowski of the Bermuda Stock Exchange and the ILS Bermuda Thought Leadership team share their thoughts about the impact it has had, and is likely to have going forward, on the ILS business.
The market reports a £2.5bn return to profit and improved underwriting performance, but the pandemic is already taking its toll hitting assets and refocusing future priorities. CEO John Neal says the outbreak will change the world and ways of working forever. Intelligent Insurer reports.
Collaboration between insurance and capital markets will promote innovative solutions for today’s big challenges, including that of climate change, says Greg Wojciechowski of the Bermuda Stock Exchange.
COVID-19 is first and foremost a human tragedy. But, like other crises, it is pushing investors towards simple, liquid assets that offer underlying cash flows and that are not correlated with other asset classes, as AkinovA’s Henri Winand told Solomon Teague.
It's the second time around for Aon’s acquisition of WTW, but the $30bn merger everyone is talking about has sailed into a COVID-19 induced storm of market volatility, not to mention heavy scrutiny from the regulators. With so much external pressure, what is the forecast for the deal, and will it even go ahead? Intelligent Insurer investigates.
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’.
Reinsurer ‘put in place hedges’ as the pandemic began to unfold, to ‘partially mitigate the economic impacts’.
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.
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.
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.