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Swiss Re books 2020 P&C re loss of $247mn on $1.9bn Covid costs
The reinsurer adds $300mn to the unit’s pandemic reserving in Q4 and slashes premium volumes by 11% at the renewals.
Rachel Dalton
,
19 February 2021
Allianz profits drop 9% to EUR10.8bn in 2020 on Covid-19 impact
Performance at AGCS deteriorated, with the unit reporting an operating loss of EUR482mn.
Samuel Casey
,
19 February 2021
QBE NA falls to $616mn FY underwriting loss, takes $100mn H2 reserve charge
Gross written premiums at the carrier’s North American segment grew by 9% to $4.7bn.
Bernard Goyder
,
19 February 2021
Force majeure shutdowns across Texas as energy sector reels from storm
State Farm was by far the state’s largest homeowners' writer, writing $1.8bn in premium in 2019, representing 18.3% of the market.
Bernard Goyder
,
19 February 2021
Texas snowstorm losses likely to exceed $10bn: KCC
In a note to clients seen by this publication, the risk modelling firm says the event may break records for insured winter storm losses.
Bernard Goyder
,
19 February 2021
Argo cut big ticket casualty limits by 15%-30% in 2020
Argo is looking to redeploy capital from reinsurance and into high growth US E&S.
Bernard Goyder
,
18 February 2021
Aon takes Australian terror pool account from Guy Carpenter
The A$14bn pool will switch brokers on 1 April.
Rachel Dalton
,
18 February 2021
Exor chief Elkann steps aside for CFO on PartnerRe board
The new board member has worked for the Agnelli family for over 20 years.
Rachel Dalton
,
18 February 2021
HDI Global establishes liability leadership in Zurich and London
Insiders Mark Appleton and Thomas Stamm take new roles as the carrier expands management of the line beyond Hanover.
Anna Sagar
,
18 February 2021
Zurich expands Benelux chief’s role to Nordic region
Dirk De Nil succeeds David Haak, who moves internally.
Anna Sagar
,
18 February 2021
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