Pandemic pressures will drive an increase in legacy transactions, but the risks presented by Covid-19-exposed portfolios are inherently difficult to analyse and therefore to price

Steven Burns set to join as non-executive chairman

New application programme interface will ‘enhance ability to share data’

Specialist MGA expands energy capacity

Many MGAs are at the point where they require replacement capacity or will have to enter into a sale or run-off. The importance of having relevant plans in place cannot be overstated

Darren Delande joins from Sure Insurance Services

Carrier announces Michael Karmilowicz will come on board as president and chief executive of the primary business

Reinsurance giant puts claims and reserves of €2.5bn related to Covid-19

Tally slightly above the long-term average of $28bn, according to Aon

New law will reduce burden on insurance companies

Novel risk areas – beyond those caused by Covid-19 – are permeating through businesses

US federal appeals case provides useful backdrop for considering critical differences between litigation and arbitration in resolving reinsurance disputes 

London’s medium-sized players are transforming in order to survive

Facilities are here to stay, and the major brokers are investing in technology to expand their use

Brokers must evolve to meet the changing needs of their clients and that requires a significant cultural shift

For the market to continue its impressive growth, legacy acquirers must enhance their due diligence capabilities to navigate an increasingly complex litigation and claims landscape

Legacy solutions will ensure that capital is more efficiently deployed within companies and across markets

The market has been forced to transform its working practices, but it needs to better understand the nature and scope of the changes to build on the progress already made

US federal appeals case provides useful backdrop for considering critical differences between litigation and arbitration in resolving reinsurance disputes 

Underwriters and brokers are urging the wind energy sector to confront the physical and reputational risks of turbine fires

The key consideration for legacy firms as they move into a more active period of deal-making should be to maintain discipline on pricing and due diligence

Engagement, openness and a degree of understanding will be key to restoring buyer-insurer relationships

Airmic says members are increasingly examining alternative risk transfer options, including captives

Coronavirus cyber crime fears may be misplaced, but there are plenty of other things to worry about

The ability to combine weather and ship position data to assess environmental exposure will allow real-time changes to insurance coverage and pricing 

It is possible for insurers and clients to estimate potential losses caused by events like Covid-19, the chief executive of San Francisco-based Metabiota says 

The market has been forced to transform its working practices, but it needs to better understand the nature and scope of the changes to build on the progress already made

A no-deal outcome, which once seemed very unlikely, now appears to be entirely plausible

The temporary suspension of the regime could serve to increase the size of claims against directors and will make risk selection and underwriting much more challenging for carriers

The US regulatory system must come to terms with insurtech innovation or risk losing out to the UK and the EU

Shipowners and their insurers will very likely face claims from seafarers

In the same way that many insurers now refuse to insure coal mines and oil pipelines, the new cargo clause will ensure that the market does not knowingly facilitate slavery in any form

Despite the pandemic, clear opportunities are emerging for carriers focused on risk selection and sustainable pricing