Pol risk, credit & surety
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The ratings agency noted Citadel’s worsening losses and reserve development.
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The carriers’ aggregate Solvency II ratio lags behind many European peers but is well above the floor level, the ratings agency said.
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Our smart friends at Litmus Analysis recently wrote a blog that got us thinking.
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The carrier predicts an underwriting result of 1 percent of net earned premiums in 2019 and 2020.
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Changes to the definition of default could hamper insurers and derail debt restructuring efforts.
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Just a few months ago, senior Lloyd’s executives including chief commercial officer Vincent Vandendael and general counsel Peter Spires were racing round Brussels in a van scouting out locations for their Brexit hub. There was no radio blaring nor snacking on junk food behind the wheel.
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UK cabinet resignations add to expectations that the withdrawal blueprint will fail to garner sufficient domestic support.
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The regulator wants to introduce a flat fee for Part VII transfers.
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The chairman expects to expand, rather than merely safeguard, EEA premium through its new Brussels platform. -
Carnegie-Brown says the platform is already processing European risks.
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The Virginia carrier’s Brexit planning progresses following the authorisation in July of its Munich company.
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The facility will offer $100mn of cover.
