Page 2 - Janet Comenos News Today : Breaking News, Live Updates & Top Stories | Vimarsana

London When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic risk was like war. “We exclude war – it’s not insurable,” he said. But as industries spanning travel and hospitality to construction and manufacturing revert to a new normal, huge demand is causing insurers to figure out how they can put pandemic r...

Insurers Seek to Find Ways to Make Pandemics Insurable LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic risk was like war. “We exclude war – it’s not insurable,” he said. But as industries spanning travel and hospitality to construction and manufacturing revert to a new normal, huge demand is...

BusinessWorld May 11, 2021 | 12:03 am LONDON — When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic risk was like war. “We exclude war — it’s not insurable,” he said. But as industries spanning travel and hospitality to construction and manufacturing revert to a new normal, huge demand is ...

Underwriters puzzle over how to make pandemics insurable again By Carolyn Cohn Reuters LONDON (Reuters) - When much of the global economy locked down last year, insurers, facing estimated losses of more than $100 billion globally, reached straight for their red pens to strike pandemic cover from all new business policies. Denis Kessler, chairman and CEO of French reinsurer SCOR, summed it up when he told a recent conference that pandemic risk was like war. "We exclude war - it's not insurable," he said. But as industries spanning travel and hospitality to construction and manufactur...

How SpottedRisk and TigerRisk Tamed ‘Live Cat’ COVID Event for Entertainment Insureds In the early months of the pandemic last year, brokers just couldn’t place insurance for the entertainment industry. In late February 2020, underwriters began excluding communicable disease from all of the underlying production insurance policies. No insurer wanted to touch the risk. In stepped SpottedRisk, the Boston-based managing general agent, which saw an opportunity in the midst of this major market disruption to offer pandemic cover for film production companies. “In the wake of a catastrophe ...