- February 7, 2020
- Posted by: lutherpendragon
- Category: Insurance news
week commencing 02/02/20:
As the earnings season gets started, this week’s talk of the town is the effects on 2020 results from the spread of the coronavirus – and will there still be a ‘plaice’ for the City in a post Brexit world if finance gets traded for fish?
A plague on all our houses?
As the coronavirus outbreak gathers steam, so it becomes increasingly apparent the insurance industry may see claims materialise from every angle. . [Financial Times]; . [Intelligent Insurer]; . [Financial Times]; . [Insurance Day]; . [Law360]
Flood Re should be extended
Aviva boss Colm Holmes has made what many consider the controversial call that Flood Re cover should be extended to include homes built after 2009. . [Financial Times]
Beazley platform goes live in Asia Pacific
Beazley has extended its electronic trading platform to the Asia Pacific region, allowing brokers in Hong Kong and Singapore to place cyber and management liability risks. . [The Insurer]
Legislation boosts Egyptian market growth
The Egyptian market is set for growth following the introduction of a range of legislation around product, supervision and solvency. . [Middle East Insurance Review]
Boeing D&O claims take off
Observers have warned that claims may escalate to over $100m as the market is hit by a slew of derivative lawsuits which could swell legal defence costs. . [Insurance Insider]
Aon invests in cyber shop
Aon has acquired Canada-based cyber security firm Cytelligence, adding incident response and digital forensics services to its cyber portfolio. . [Business Insurance]
Neon takes a chunk out of AFG Q4
American Financial Group took an after-tax charge of $58m on the decision to put its Lloyd’s Managing Agency Neon Underwriting into run-off. . [Reactions]
Pioneer agrees terms with K2
K2 Insurance Services will buy Pioneer’s four remaining underwriting teams which together will write £150mn ($195mn) in gross written premium (GWP) in 2020. . [Insurance Day]
The City fears that it may take a battering in a “fish versus finance” war between the UK and the EU. . [Financial Times]
. External links are being provided as a convenience to relevant content; they do not constitute an endorsement or an approval by Luther Pendragon of any of the services or opinions of external content. Luther Pendragon is not responsible for the accuracy, legality or content of these external sites. Please also note that some external content may require a subscription to view.