Keep up with what has been happening this week in our latest insurance news round-up…
According to GlobalData’s 2020 UK SME Insurance Survey, 63.6% of small and medium-sized enterprises (SMEs) in the UK are satisfied with their insurer’s communications regarding the impact of coronavirus on their insurance covers.
In a new Global Insurance-Linked Securities (ILS) Market Survey Report from Willis Towers Watson, it has showed that more than half of the companies surveyed now use ILS capacity worldwide with most investors being satisfied with their ILS performance.
Qatar’s main sovereign wealth fund backs £600m in Lloyd’s of London vehicle alongside a group of other global investors. The insurance vehicle, Inigo, which be among the largest British insurers to be launched in the last decade.
In a new report by Allianz Global Corporate & Speciality which analysed 1,736 cyber-related claims from 2015-2020; it has been shown that external cyber incidents accounted for 85% of the value of the claims analysed.
According to a Reuters report, Aon is seeking antitrust approval from the European Union for it’s $30billion Willis Towers acquisition which will create the world’s largest insurance broker once the deal goes through.