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TMK Syndicate 510 slides to 114% CoR on Covid-19 losses

The carrier reported £194.1mn in coronavirus claims, led by accident, health and life.

Rachel Dalton, 31 March 2021
MS Amlin 2001 swings to 2020 loss on Covid-19 and cats

MS Amlin Syndicate 2001 fell to a loss of £178.1mn ($244.9mn) for 2020 following a £136.0mn net hit from Covid-19 and a string of natural catastrophe losses.

Catrin Shi, 31 March 2021
Axa XL Syndicate 2003 reports 134% combined ratio for 2020

Axa XL’s flagship Syndicate 2003 reported a loss of £334mn ($459mn) for the year as its combined ratio deteriorated by 23.8 points to 133.8% on Covid-19 losses and adverse development on long-tail lines.

Catrin Shi, 31 March 2021
Lloyd’s major claims more than triple in 2020 to £6bn

Covid-19 losses accounted for 60% of the major claims, with the rest attributable to catastrophe events.

Samuel Casey, 31 March 2021
Suncorp pegs net Australian flood losses at A$230mn-$A250mn

The event will further erode the deductible in the group’s aggregate excess of loss reinsurance programme.

Samuel Casey, 31 March 2021
‘Frustrating’ D&F market shows marked deceleration at 1.4

Rates are up an average of around 10%, half the magnitude of a year ago.

Catrin Shi, 31 March 2021
Lloyd’s reports underlying progress as market swings to £887mn 2020 loss

Covid-19 claims are expected to reach £6.2bn on a gross basis as major claims added 23 points to the 2020 combined ratio.

Samuel Casey, 31 March 2021
Willis pursuing sale of French, German, Spanish and Dutch units

The largest of the businesses, Gras Savoye, has been seen as one of the jewels in the crown at Willis.

Adam McNestrie, 30 March 2021
Maltese, Mavani among Guy Carp defections to Howden

Around 15 producing brokers are on the move, with a number from the non-marine specialties team.

Fiona Robertson, 30 March 2021
Lloyd’s results preview: Looking forward not back

A focus around improving underlying numbers and rates should not obscure the key strategic challenges facing the market.

Adam McNestrie, 30 March 2021

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