Claims have reduced due to restricted hospital access, but we do not expect increased profits for insurers – any “excess” profits are likely to be used to meet the expected surge in demand from postponed elective surgeries or returned to policyholders through premium rebates.

S&P insurers moving cautiously in the aftermath of massive Texas Ice storm Uri

Feb 27, 2021

According to the catastrophe modelling agency Karen Clark & Co, Winter Storm Uri will cost the industry about $18 billion. In comparison, Hurricane Harvey caused $30 billion in industry insured losses in the U.S. and about $19 billion in Texas.

Specialty insurer and reinsurer SiriusPoint launches with over $3bn in capital

Feb 27, 2021

“We aspire to be a disruptive force in the industry and drive technology innovation – with skilled underwriting at the core of everything we do. We have set a goal to challenge the status quo and define new ways of conducting business with diversity of thought and expertise. I am very excited about our future. We are building a company and a culture we can be proud of.”

Oxford University says research not affected after media reports of COVID lab hack

Feb 26, 2021

“We have identified and contained the problem and are now investigating further. There has been no impact on any clinical research, as this is not conducted in the affected area,” an Oxford spokesman said, adding that the university was working with the National Cyber Security Centre (NCSC) on the incident.

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