Keep up with what has been happening this week in our latest insurance news round-up…

 

COVID-19 could be the most expensive event in the insurance sector

A report published by reinsurance broker Guy Carpenter, suggests that the COVID-19 pandemic may rank among the re/insurance sector’s most expensive events. This may be because it is one of the slowest developing catastrophes the sector has ever seen causing a prolonged period of the uncertainty of losses.

Lloyd’s of London to reopen in September

Lloyd’s of London have announced their plans to reopen their London headquarters and iconic underwriting room on September 1st. The opening date is subject to governments guidelines and easing of the lockdown, while their priorities are of the health and safety of participants in the market and to minimise the spread of the virus.

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