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The carrier expects its total losses to reach EUR700mn-EUR900mn, as Covid claims reports begin to flow to reinsurers. -
Mike Newson will lead the division as PI and financial lines manager.
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The carrier has fully eroded the retention on its group aggregate cover, limiting Q4 cat exposure.
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The sector is trying to find ways to rebuild its client base following the devastation caused by the Covid-19 pandemic.
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Wording construction, the use of counterfactuals and the notorious Orient Express ruling will all be under the spotlight.
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The new capacity will be welcomed by brokers and clients as conditions continue to harden.
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Bermudian’s Lloyd’s platform to begin underwriting class by early 2021.
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Watford is liable for a $18.6mn fee if the Arch deal is terminated.
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The decision follows an earlier move to shrink the book and the departure of CUO of international financial lines Tim Powell.
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The reinsurance CEO says Swiss Re will cut back its US casualty share.
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The venture is led by Guillermo Eslava, a former Swiss Re and Brit underwriter who briefly joined Argo in 2019 as head of LatAm casualty.
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Government shift to immediate priorities and the complexity of the issues prompt a pause.
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