February's verdict for Lloyd's in the first COVID-19 business interruption lawsuit to go to trial highlights insurers' strength in such cases in the US, according to a new report published by Bloomberg Intelligence.

Ongoing uncertainty surrounding the COVID-19 crisis presents huge challenges for corporate travel. In some countries, infections are falling, while in other regions, mutated viruses are undergoing a rapid spread. Other additional hazards are coming to the fore in some regions with often severe consequences.

Willis Towers Watson has today responded to the UK Government’s call for evidence on its review of Solvency II. With the Brexit transition period now expired, the government is considering areas of Solvency II that could better reflect the particular structures, products and business models of the UK insurance sector.

Boris Johnson has revealed the UK’s four-step roadmap out of lockdown, starting with the reopening of schools in two weeks, and, if successful, culminating in the removal of all COVID-related social contact limits by the end of June.

Pool Re has completed its three-year £2.475bn retrocession placement with 56 international reinsurers. The programme is led by Munich Re with Hannover Re and Fidelis providing significant capacity. The retrocession covers property damage arising from nuclear, biological, chemical, and radiological attacks; cyber-triggered terrorist losses; as well as conventional terrorist acts.

The Association of British Insurers believes that post-Brexit improvements to the Solvency II regulatory regime for the insurance and long-term savings sector could free up billions while upholding high level protections for customers.