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The Lloyd’s market loss is expected to absorb up to $4.3bn of this loss. -
The broker says shareholders’ equity fell by 6 percent on average in Q1.
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Isaac Espinoza will also be tasked with exploring possibilities of Root writing reinsurance or retro business.
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Euler Hermes, Atradius and Coface collaborate with state agency Export Development Canada.
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The four continental European reinsurers expect Covid-19 to accelerate price momentum despite divergent approaches at 1.4.
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The move comes after AM Best last week cut the carrier’s FSR to A.
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The executive says carriers have not underwritten or priced for statutory developments.
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Reinsurers lift price expectations while cedants come to market ready to make concessions.
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The CFO says there is too much uncertainty to make predictions on final insured loss figures.
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The carrier predicts a “financially manageable” impact from Covid-19.
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The Hannover Re parent’s primary business took under a third of the losses, with reinsurance taking a EUR220mn hit.
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Most of a EUR973mn man-made loss bill emanated from contingency claims related to the pandemic.
