Legal
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Fenchurch Law partner suggests "aggressive" initial claims adjustments will be unwound and the reinsurance context will need specific consideration. -
The CEO said the French reinsurer will avoid court cases where possible in pandemic coverage disputes.
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The regulator plans to publish data on the size of claims settlements and scale of reserving.
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After a management meeting, the analysts rule the carrier well placed to capitalise on the hardening market.
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Howard Burnell’s sentence also includes court and compensation costs, a restraining order against his former partner and a tagged curfew.
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Bloomberg Law reports that a settlement would bring litigation in Virginia and Delaware to a close.
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The Principles for Responsible Investment were launched in 2006, with Hannover Re, Liberty and Everest Re among other signatories.
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The Bermuda Monetary Authority had granted the InsurTech start-up a “sandbox” licence in 2019.
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The analyst says the judgment removes an overhang that had weighed on the carrier’s stock.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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The carrier's 2020 net loss estimate remains intact after the buffer for potential Australian BI losses.
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The carrier still expects net losses from Covid-19 to cost about £62mn.
