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Event insurance losses mount for Munich Re as it reports £700m Covid-19 hit
Munich Re today reported “high Covid-19 losses totaling €800m (£699.43m), particularly in event insurance” as it posted results for the first quarter of 2020.
RSA reports £25m hit after receiving 25,000 Covid-19 related claims
Insurer RSA has revealed it has received approximately 25,000 Covid-19 related claims, which will cost it an estimated £25m net of reinsurance.
Hiscox predicts BI hit up to £250m
Hiscox has predicted its exposure to business interruption claims from Covid-19 could range from £10m to £250m net of reinsurance.
Hiscox raises £375m
Hiscox has raised roughly £375m through sales of shares, having announced its intention to raise on Tuesday afternoon.
Hiscox looks to capital raise through share placement
Hiscox has announced an equity placing for up to just under a fifth (19.99%) of its issued share capital.
Expertise in Audio 2: Data and data ethics in insurance – where do we draw the line?
For this episode, Insurance Post director of content Jonathan Swift discusses data as the lifeblood of the insurance industry with Jeff Ward, founder of the Jeff Ward Consultancy, Annarita Roscino, head of predictive analytics at Zurich Insurance, and…
Crawford names incoming global CEO and president
Crawford president and global CEO Harsha Agadi will step down next month, with his successors chosen from within the company.
Hastings chair Hoffman to exit
Gary Hoffman, Hastings non-executive chair, will step down from the company next month.
Expertise in Audio 1: Risk and catastrophe management – is insurance truly our global safety net?
Insurance Post director of content Jonathan Swift is joined by Ed Messer, head of catastrophe management at Aon, and David Rubens, CEO of the Institute of Strategic Risk Management, to discuss if insurance is truly our global risk safety net?
Download the Insurance Covid-19 Resilience Survey
The Covid-19 pandemic has resulted in the mass migration of insurance professionals away from the office environment for the foreseeable future. In light of this unprecedented situation, Post subscribers were invited to take part in an online survey to…
Covid-19 Resilience Survey finds insurance employees most concerned about mental health and mass sickness
The ability for employers to handle staff wellbeing - especially mental health - and manage business if staff numbers are significantly reduced due to sickness, were the most pressing concerns among respondents to an exclusive Post survey focused on…
Motor Mouth Podcast 11: Technology the driver in motor insurance
“Motor insurance is there to support customers in their time of need,” Mike Brockman, CEO and founder of Thing Co, explains to Jonathan Swift, content director of Insurance Post.
Motor Insurance World Live video presentation: The car is the star
Motor insurance companies have long focused on rating factors such as a driver’s age, occupation and where they live.
Motor Mouth podcast 10: From car salvage to the future of work – what is the future of motor insurance?
Director of content Jonathan Swift discuss how the sector will adapt to challenges being presented at the moment with Motor Insurance World sponsor E2E Total Loss Management and its chief operating officer Neil Joslin.
UK body repair sector reports claims down more than 70% due to Covid-19 restrictions
Less than two weeks into a ‘partial lockdown’ that some fear could last six months, slightly under three quarters (72.2%) of respondents to the UK Body Repair Covid-19 Survey reported that claims notifications were already down more than 70%, with almost…
Staveley Head sold to One Sure Insurance
Broker and managing general agent Staveley Head, which entered administration in February, has been bought by One Sure Insurance.
Tributes paid to former Co-op insurance marketing head Paul Hemingway
The industry has paid tribute to Paul Hemingway, head of affinity marketing for Police Mutual, who has sadly passed away.
Blockchain: Making waves: Can AI help the crisis in marine?
Outdated static rating factors and underwriting losses mean the marine market is ripe for disruption. Technology, including, blockchain is set to shake up the sector.
Motor Mouth Podcast 9: Claims culture or no claims culture? Motor insurance and the whiplash reforms
Jonathan Swift, content director at Insurance Post, speaks to Matthew Maxwell-Scott, executive director of the Association of Consumer Support Organisations, to get his insight and thoughts on the reforms, where the challenges still lie and, with the…
Andy Haste to take over from Sir Peter Wood as Esure chairman
Direct Line and Esure founder Sir Peter Wood is stepping down as chairman of Esure with immediate effect, with Andy Haste named as his successor.
My other life: Jerry Danjuma, wrestler
When not working as a property claims handler at Broadspire, Jerry Danjuma is busy training for his next wrestling show.
Kingsbridge sold to US-based NSM Insurance
Private equity backer Dunedin has exited Kingsbridge following its sale to Pennsylvania-based NSM Insurance.
Motor Mouth Podcast 8: The car is the star!
Content director Jonathan Swift sits down with Lexis Nexis’ senior director of personal lines insurance Martyn Mathews to discuss the latest in car technology innovation and how the connected car of the future will provide reliable, real-time data sets…
Lloyd’s closes underwriting room in coronavirus exercise
On Friday Lloyd’s will close its underwriting room at 1 Lime Street as it tests its alternative trading protocols.