Keep up with the latest insurance news in our weekly round-up…

 

UK government to guarantee £10bn of trade credit insurance

The government is to provide a £10bn guarantee for trade credit insurance in an effort to stop the market seizing up in the wake of the coronavirus crisis.

Troubles pension: UK government blames Sinn Féin for delays

The UK government has blamed Sinn Féin for stalling the Troubles pension.

IOC seeks insurance compensation for delayed Tokyo Olympics

The International Olympic Committee is in talks with insurers over being compensated for the postponed Tokyo Games.

Pandemic to drive significant mortgage reinsurance losses: AM Best

Analysts at AM Best believe that the Covid-19 pandemic will drive “significant” losses for US mortgage reinsurance business, even as the eventual impact still remains unclear.

AXA faces 1,700 ambiguous restaurant contracts over pandemic payouts

French insurer AXA has identified 1,700 contracts signed with restaurant owners in France where the terms are not clear as to whether business interruption losses due to the Covid-19 crisis should be covered, its CEO told Le Monde in an interview.

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