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Munich Re predicts EUR1.2bn profit for 2020 after hefty Q4 Covid losses
The German carrier pegs the full-year impact of the pandemic on its reinsurance operations at EUR3.4bn.
Rachel Dalton
,
01 December 2020
Helios Underwriting secures 60% capacity growth for 2021
The syndicate has £110mn of capacity for 2021, with retained capacity nearly doubling to £58.7mn.
Anna Sagar
,
01 December 2020
Axis Re hires Japan head from Willis Re Singapore
David Bangs joins from Willis Re Singapore where he worked for more than 15 years.
Anna Sagar
,
01 December 2020
UK government to overhaul non-compete clauses: report
The clauses are widely used in the insurance sector and have led to some high-profile legal battles.
Anna Sagar
,
01 December 2020
Axa XL targets EUR1.2bn underlying earnings for 2021
The carrier aims for a combined ratio for 2021 of 96% as it focuses on underwriting discipline and reducing volatility.
Anna Sagar
,
01 December 2020
Disagreement over cyber wordings in named-perils cover joins the list of issues creating friction ahead of 1.1.
Disagreement over cyber wordings in named-perils cover joins the list of issues creating friction ahead of 1.1.
Rachel Dalton
,
01 December 2020
Chubb names Lazaro as Overseas General Insurance digital head
Lazaro is currently Chubb’s digital head for Latin America.
Bernard Goyder
,
30 November 2020
Sanford to take over as Toa Re CEO as Stanco retires
Former Starstone Group president Richard Sanford takes over the executive role on 1 January.
John Hewitt Jones
,
30 November 2020
Shipowners’ Club calls 5% P&I general increase for 2021
The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
Samuel Casey
,
30 November 2020
Lloyd’s to open room three days per week ahead of 1.1
One Lime Street will be open to all classes of business on Tuesdays, Wednesdays and Thursdays from 2 December.
Rachel Dalton
,
30 November 2020
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