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The carrier still expects net losses from Covid-19 to cost about £62mn.
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The ruling broadens the coverage available and alters the operation of trends clauses. -
Shares in the carrier recover from initial losses following a ruling by the Supreme Court that came down largely in favour of insureds.
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Judges dismiss insurers’ appeals and overturn the famous Orient Express ruling.
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Conditions remain favourable for underwriters but uncertainty remains on whether the recession will lead to a flood of claims.
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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 adds Angus Hampton as head of international casualty and reports a quota-share focus during the renewals.
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The finding could have a material impact on the scale of BI losses stemming from the pandemic.
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The appointments follow Axa XL’s exit from management liability business in London last year.
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The year was marked by record North Atlantic storms, which put the loss tally more than 40% ahead of mild 2019 experience.
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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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