-
Australian carrier ups coronavirus BI provision to A$195mn.
-
The branch will write US property, casualty and specialty reinsurance on behalf of its Irish subsidiary.
-
The fundamental issue of causation, as well as trends clauses and the Orient Express judgment, will be under scrutiny. -
The carrier expects its total losses to reach EUR700mn-EUR900mn, as Covid claims reports begin to flow to reinsurers.
-
The carrier has fully eroded the retention on its group aggregate cover, limiting Q4 cat exposure.
-
The sector is trying to find ways to rebuild its client base following the devastation caused by the Covid-19 pandemic.
-
Wording construction, the use of counterfactuals and the notorious Orient Express ruling will all be under the spotlight.
-
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.
-
Government shift to immediate priorities and the complexity of the issues prompt a pause.
-
The top general insurance supervisor also warns the market against declaring an early victory on underwriting remediation.
-
Covid’s “slow, prolonged and symmetric” nature contrasts with a cyber attack or supplier outage, operations expert Nick Strange notes.
-
The Treasury had raised concerns that insurers were paring the value of state support from claims payouts.
