coverage News

Munich Re in ‘First-time’ Guarantee of Solar Modules in France

Munich Re announced that it has agreed to guarantee the performance of solar modules in France for the first time. The reinsurer will be working with industrial insurance broker Filhet-Allard and solar manufacturer Solairedirect, who have “jointly launched a new …

Japan Quake Reveals Cracks in Insurance System – Part II

The first part of this article appeared on the IJ’s web site on April 5. PRICE PRESSURE Earthquakes may not be linked to each other, but they are linked to the financial markets, as anyone who has invested in insurers …

Japan Quake Reveals Cracks in Insurance System – Part I

Michael Korn is a popular person these days, which is perhaps not too surprising considering what he does for a living and where he lives. Korn is an insurance broker in earthquake-prone San Francisco. “We’re pretty busy,” he said of …

London Broker Sees Some Libya Claims, but Situation is Unclear

London-based Lloyd’s insurance and reinsurance broker United Insurance Brokers (UIB) has indicated that there may be some insurance exposure as a result of the unrest in Libya, and the decision by the UN to sanction a “no-fly zone” to protect …

Lloyd’s Tackles Mardi Gras Risks

Kiln, Lockton Team Up to Offer Cyber Coverage to UK Retailers

Lloyd’s insurer Kiln and international broker Lockton have teamed up to offer cyber insurance to small- and medium-sized online retailers. “The security and privacy cover is being made available to members of the e-retailers association Interactive Media in Retail Group …

Iran Oil Tanker Operator Says Ship Insurers Decline to Renew Coverage

Iran’s biggest crude oil tanker operator, NITC, said on Friday that its club of ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European Union. Western nations suspect …

Egypt’s Troubles Mean Companies Need to Reassess Risk, Says Marsh

The fallout from the ongoing events in Egypt – protestors have called for a million people to assemble in Cairo today – is affecting both foreign and domestic companies. Several insurance executives in London agreed that “communications are very difficult. …