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Times Square to go dark in support of BI lobby groups

Iconic billboards will go blank briefly at 21:00 on Wednesday to focus on the issue of coronavirus-related insurance claims.

PartnerRe shuffles leadership with Meyenhofer becoming specialty CEO

Greg Haft becomes CEO of global cat, a newly created position at the reinsurer.

Reinsurers will fail to earn cost of capital in 2020: Fitch

The ratings agency highlighted the dual impact of rising losses and turmoil in the financial markets.

FHCF drops $920mn reinsurance cover in tight Florida market

The state-backed reinsurer's treaty was led by RenRe and Swiss Re in 2019.

• Bill to create $750bn pandemic backstop introduced in Congress
• California to impose Covid-19 nursing home liability waiver
• Tropical Storm Bertha heads for South Carolina
• Opinion: Navigating the politics of Covid-19 – Pool Re’s £1bn and the ‘anti-Pria’
• Gransbury to lead new QBE North America specialty unit
• Marsh submits wordings to FCA test case

Opinion

Case has won a key vote of confidence from Aon staff, but this is not an unqualified victory

Part payments to BI claimants would spare both sides a slow move to a binary outcome

London Matters III brings a remarkable change of tone – but now is not the time for complacency

There are whole groups of people for whom working from home is narrowing the scope of their professional lives

In Brief

Tropical Storm Bertha downgraded to depression over South Carolina

Brazilian regulator opens IRB investigation: report

Lloyd’s Part VII transfer notification approved

Price Forbes executive director becomes WBN chairman

BMS hires trio to energy division

Starr appoints Ribeiro to European NED position

Analysis

London Matters 2020: Four major takeaways

This publication digs into the report for details on performance, growth drivers, market concentration and skillset.

Global prices up 14% in Q1 as correction accelerates: Marsh

Average price growth accelerated to the fastest pace since the recovery began at the end of 2017.

Munich Re signals 1.4 Japan push as big four eye 1.6 rate hikes

The four continental European reinsurers expect Covid-19 to accelerate price momentum despite divergent approaches at 1.4.

Insider 50 grows in April but lags the wider market

The index recorded its first monthly gain of the year so far while some carriers announced their estimates for Q1 Covid-19-related losses.

Trubshaw and Martin top the US Property Cat Rankings for third consecutive year

Some 126 brokers and 95 underwriters featured on the overall leaderboard.

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