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Lancashire sees massive profit slump in 2020; COVID-19 dealt huge blow to Britons' financial resilience; Salesforce expects most of its staff to work flexibly post-pandemic
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Beazley Plc takes massive blow in year-end results; Reinsurers to bear more BI costs as COVID losses mount; 2021 set to be less profitable year for insurers
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ABI defends industry response in another open letter; QBE confirms exposure limit of $75m to UK BI claims; SCOR cancels dividend and cuts CEO pay by 30%
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Swiss Re’s net loss forecast to hit $389mn in 2020; Surge in COVID-19 litigation awaits UK companies; Insurers must act quickly to compensate BI customers
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Supreme Court rules on FCA test case; RenRe warns of Q4 operating loss amid $345mn weather & COVID impact; Care homes rejecting hospital patients over lack of insurance
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Lloyd’s to close underwriting room again; Leisure facilities face £90m a week loss under UK winter Covid-19 lockdown; Reinsurers halted downward trends in 2020
Lloyd’s & Parsyl partner on COVID vaccine distribution initiative; London to remain global cyber insurance hub post COVID-19; Commercial premiums are rising dramatically
CII offers guidance on closing the customer expectation gap; Improved pricing sees $6bn raised by re/insurers across Q4; The ICA to appeal against BI test case ruling
AXA expects hit to 2020 results; Munich Re expects €2.8bn of profit in 2021, €1.2bn in 2020; After a tough year, insurance sector has positive outlook
Aviva downgrades Covid-19 impact due to lower frequency in Q3; Government can’t continue as “insurer of last resort”; Reinsurers must brace for mounting Covid-19 disputes
Brokers under fire for Covid preparation; Lloyd’s expects Covid losses to be higher than $107bn; Pandemic is insurable, government actions are not: Prospectus 2021
COVID losses “by no means over,” warn experts; FCA test case latest: Supreme Court appeal hearings set; Aviva ramps up customer support amid coronavirus pandemic
Allianz cancels share buyback plans due to Covid; FCA reminds insurers to review the value of products in light of coronavirus; Hannover Re adds €197m to Covid reserves in Q3
Motor insurance costs stay at a four-year low; London market survey finds just 14% want to return to office; Nationwide downgrades insurance coverage
Swathe of UK hospitality firms see risk of insolvency; COVID-19 to drive near term D&O losses; Crystal Ski offers customers additional Covid cover from AXA