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Monday 26 October 2020 – Headlines & Stories of Interest

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All humans are stupid, but the smarter ones at least have a handle on their own ignorance.” ~ John Cleese, British comedian quoted in The Times

If You Had Bought PICC Property and Casualty’s Shares Five Years Ago… Spoiler alert, you now wished you hadn’t

Arthur J. Gallagher: Gallagher Releases Fall 2020 Market Conditions Report. Its’ Proprietary Data Analysis Indicates Compounding Factors Are Driving a Hard Market, Accelerated by COVID-19

EU & Italy: Coverys snaps up Lloyd's broker to expand European footprint

Sweden: First-step analysis: fintech regulation in Sweden – Read about the Regulatory Bodies & Regulated Activities

Turkey: Turkey decreases taxes on foreign currency banking and insurance transactions

Australia: New insolvency laws could impact trade credit insurance

More to come later today….

….and here it is

Guy Carp: COVID-19 and Political Risk: Fuel to the Fire

Top 20 Deadliest Vehicles in the United States — and Those That Kill Occupants the Most. A gruesome topic but an interesting article. You might be surprised at #1 – I was.   

US insurers return US$8.5 billion in COVID premiums – this is a stunning amount in my estimation

AIG Announces Leadership Transitions – this is big news. 

  • Peter S. Zaffino to Become Chief Executive Officer and Joins Board
  • Brian Duperreault to Become Executive Chairman
  • Douglas M. Steenland to Become Lead Independent Director
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Posted by Alex Hodges
Alex has 40+ years of experience in the industry with a specific interest in the international P&C business. Alex began his career with Rollins Burdick Hunter Co in Chicago; moved to New York with the firm; then back to Chicago HQ after the acquisition of RBH by Aon. As part of Aon’s global acquisition team, he moved to The Netherlands to help with the integration of Hudig-Langeveldt and Frank B. Hall in Europe, Scandinavia, United Kingdom and the Middle East. Alex has expertise managing large multinational insurance programs. His last position with Aon was managing the Aon-owned Strategic Underwriters International MGA for Kidnap, Ransom & Extortion, Workplace Violence and Political Risk. Alex is the founder of Insurance Services Network Corporation and Editor-in-Chief of the IRL – Insurance Research Letter.

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