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HX: Q3 reserve releases flat or up as pandemic fears abate
The Howden analytics arm finds that Covid-19 contributed $26bn of 2020’s $95bnn insured losses at the nine-month stage.
Rachel Dalton
,
27 November 2020
Exposure growth, new business, expenses: further takeaways from the Lloyd’s presentation
CEO John Neal reiterated that profit over growth would always be the default approach at Lloyd’s.
Catrin Shi
,
27 November 2020
FSCS to tap GI industry to top up levy pool
Failures in life insurance and investment intermediation necessitate a levy increase.
Rachel Dalton
,
27 November 2020
Neal: Lloyd’s performance actions ‘must continue, forever’
The Corporation must maintain a focus on profit over growth, the CEO said.
Catrin Shi
,
26 November 2020
Intact completes C$3.2bn private placement to fund RSA deal
Canadian pension fund managers CDPQ, CPP and OTPP back the subscriptions receipt issue.
Samuel Casey
,
26 November 2020
LMG and Willis warn of ‘surviving not thriving’ post-pandemic
Joint research finds that remote working has challenged the London market’s ability to innovate commercially.
Samuel Casey
,
26 November 2020
Gallagher Re hires new Brazil director
Thiago Navega will be based in Rio de Janeiro and report to Gallagher Re Brazil CEO Luiz Araripe.
Anna Sagar
,
26 November 2020
R&Q receives initial approval for Oklahoma legacy transfer
The landmark transaction with Sentry requires court clearance after gaining the state insurance commissioner’s nod.
Samuel Casey
,
26 November 2020
Aviva cuts nine-month Covid-19 reserving by 39% to £100mn
The carrier grew its book of UK commercial lines by 10% due to rate increases and targeted growth.
Samuel Casey
,
26 November 2020
RenRe Syndicate 1458 granted 20% stamp uplift for 2021
The syndicate has a £651mn stamp for 2021 as it looks to redeploy growth capital released from a recent adverse development cover.
Anna Sagar
,
26 November 2020
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