week commencing 11/10/20:

With half the UK heading for more pandemic restrictions, maybe the only way to survive is to hibernate until spring.  After you’ve caught up on this week’s industry news, why not check out our last story to see what kind of winter sleeper you are?

Hurricane Delta losses top $2bn

Louisiana and Texas were hit by Hurricane Delta this week, with CoreLogic estimating losses of up to $2.7bn from the storm. External-link. [Insurance Day]

Cyber attacks ‘exploded’ as a result of home working

The ex-head of the US National Security Agency has warned of the perilous increase in cyber attacks, saying: “the attack surface has just exploded” as a result of so many people working from home. External-link. [Financial Times]

Lloyd’s to review products in search for post-COVID simplification

Lloyd’s has launched detailed recommendations on how to clarify coverage for insurance customers following the legal rows that arose during the COVID crisis. External-link. [Insurance Business]

AIRMIC to seek new CEO

AIRMIC CEO John Ludlow is stepping back after four years in the role. The search is on for a successor to take up position in Q1 of 2021. External-link. [Commercial Risk Europe]

Clyde highlights MGA move towards company paper

Clyde & Co’s 2020 report highlights how MGAs are increasingly targeting growth in global and London markets. External-link. [The Insurer]

Airline premium stalls despite rate rises

With ‘significant numbers’ of planes still grounded, rapid rate rises may not be enough to prevent a plummet in aviation premium for all insurers. External-link. [Insurance Day]

Gallagher provides mental health cover for stressed footballers

AJ Gallagher has expanded its cover for professional footballers to include a £10,000 allowance for therapy and treatment for mental health issues.  The move follows a six-fold increase in players seeking help. External-link. [Reactions]

UN flags doubling nat cat levels in last 20 years

A UN report has highlighted the doubling in numbers of global natural catastrophes since 2000, blaming climate change for the increase. External-link. [Insurance ERM]

Cinven and Tysers circle Miller

Final bids for Miller, put up for sale by current owner Willis Towers Watson, are due next week.  The last two bidders battling for ownership are Cinven and Tysers. External-link. [Insurance Insider]

Pandemic Re plans put on hold

The news broke this week that talks between insurers and the government on the establishment of a Pandemic Re, modelled on Flood Re, have been paused. The news brought thoughtful reactions from External-link[Insurance Insider] and External-link[The Insurer]

Are you sleeping with the fishes?

Which type of sleeper are you? Bear, wolf, lion or dolphin? External-link[The Guardian]

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