Third class-action certified against Aviva over COVID-19 coverage for lost business thompsoncitizen.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thompsoncitizen.net Daily Mail and Mail on Sunday newspapers.
Insureds which suffer a loss may find that they are covered by multiple insurance policies for that loss. Such situations can arise inadvertently, or the existence of multiple overlapping policies may be by design. A number of issues may arise with the duty to defend, where there are overlapping or concurrent insurance policies – for example, how courts resolve overlapping or concurrent coverage absent a clause in one or more of the policies that deals with the issue.
Insureds which suffer a loss may find that they are covered by multiple insurance policies for that loss. Such situations can arise inadvertently, or the existence of multiple overlapping policies may be by design. A number of issues may arise with the duty to defend, where there are overlapping or concurrent insurance policies. This article focuses on how courts resolve overlapping coverage where there is one or more 'other insurance' clauses.
Aviva Canada s CEO says pandemic insurance coverage is now a thing of the past theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Specialty Re/insurer SiriusPoint Launches with More Than $3 Billion in Capital February 26, 2021
SiriusPoint Ltd., the Bermuda-based international specialty insurance and reinsurance company, has launched today with more than $3 billion in initial capital.
The company was created from the merger of specialty reinsurer Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd., a multi-line insurer and reinsurer. The deal was first announced in August 2020.
SiriusPoint has launched as one of the first substantial re/insurers of the Class of 2020, with a robust capital structure, global platform, underwriting talent, and long-standing client and broker relationships already in place, said the company in a statement.