Hiscox
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The bank trims earnings estimates and says consensus expectations are too high.
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The analyst says the judgment removes an overhang that had weighed on the carrier’s stock. -
Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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Plus a mixed week for Lloyd’s, the asbestos potential of Covid-19 claims and a round-up of our most-read stories from the week.
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But Barclays warns the judgment could result in more substantial loss creep for major European reinsurers.
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The upcoming Supreme Court ruling could result in increased losses for the carrier.
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The mixed ruling delivered by the High Court meant insurers escaped from worst-case loss scenarios.
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The start-up makes its first appointment directly from Hiscox, where Inigo founder Richard Watson worked as CUO.
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The goods-focused pact includes a joint declaration on financial services, though crunch issues have yet to be resolved.
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Major consolidation laid the ground for current new launches, the Conduit chairman suggested.
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The carrier said there were plans to grow the team further and its US and non-US sides would be merged.
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Women at the firm earn 10% less than men in bonus pay, marking an improvement of 21 percentage points compared with last year.
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