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

Insurance industry to recover from pandemic loss

Swiss Re Institute’s sigma has said that the global insurance industry will be able to overcome the recession due to the Covid-19 pandemic. Although there has been less of a demand for insurance this year, the demand for insurance will go back up in 2021 says Swiss Re.

AXA XL names new CEO UK & Lloyd’s Market

The property and risk division of AXA, AXA XL, has named Sean McGovern as the Chief Executive Officer (CEO) UK & Lloyd’s market. McGovern has had several different roles at Lloyd’s market having joined in 1996.

CEO of Aviva Ireland GI to sue insurance provider

Aviva Ireland GI CEO, John Quinlan, has launched legal proceedings against Aviva, after they have reportedly lined up a replacement for his role whilst he was on leave for 8 months.

Hugh James and ARAG in new arrangement for after-the-event insurance

Top 100 law firm, Hugh James and ARAG, a company offering legal expenses and assistance insurance have signed an agreement to use ARAG’s after-the-event (ATE) insurance products for a wide range of legal cases in several different practice areas.

Pikl launches property and vehicle MGA

Pikl, which provides insurance for AirBnB hosts; is set to increase underwriting capacity for a range of property and vehicle products; as they launch an MGA in partnership First Underwriting, Accredited Insurance, and the Claims Consortium Group.

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