Mutual reinsurer Pool Re has increased its reinsurance programme from £1.8bn to £1.95bn, after renewing cover it bought last March for a further three years.
The additional layer of reinsurance was placed with a panel of reinsurers, including global reinsurers and Pool Re's members. Led by Munich Re and brokered by Guy Carpenter, the cover protects biological,...
Damages from flooding earlier this year are less than originally thought, Perils has said.
Brexit will have little impact on the financial services sector and a workable agreement with the European Union will be “straightforward”, according to Managing Partners Group.
Direct line has seen more than 200 claims for lightning damage to homes so far this month, with some claims worth up to almost £46,000.
The Federation of European Risk Management Associations today elected three new board members with hopes of generating fresh perspectives.