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Sompo International swings to H1 loss due to Covid-19

The carrier slashes international unit full-year profit forecasts due to the pandemic and nat cats.

Rachel Dalton, 19 November 2020
Business interruption makes up 60% of cyber claim value: AGCS

The report said that the volume of cyber insurance claims had gone up more than nine times in the past five years.

Anna Sagar, 19 November 2020
Aon's new facility is a bear signal on the post-Covid cat reinsurance market

Perhaps the biggest question about the facility is why Swiss Re and PartnerRe are backing such a deal now.

Fiona Robertson, 19 November 2020
Tokio Marine international fiscal H1 profit falls 58% on Covid-19 losses

The carrier lost 36bn yen in BI and event cancellation lines and the investment book took a 33.1bn yen hit.

Samuel Casey, 19 November 2020
PartnerRe falls to narrow Q3 underwriting loss on Covid-19 and cat claims

The Bermuda reinsurer's net income per share fell 5% to $206mn during the period.

Bernard Goyder, 19 November 2020
Conduit receives preliminary credit assessment from AM Best

The ratings agency has given the entity a financial strength assessment of A-.

John Hewitt Jones, 19 November 2020
FCA accuses insurers of evading consequences of BI policies

The regulator said in the Supreme Court appeal that carriers ran the risk of a large accumulation of losses when they sold their BI policies.

Samuel Casey, 18 November 2020
Singapore wealth fund GIC follows Miller deal with Convex funding

GIC said it co-led the consortium of existing and new investors to commit $1bn to the carrier.

Catrin Shi, 18 November 2020
ICA to seek appeal as Australian carriers lose Covid test case

Court rules policy exclusions referring to outdated law not valid.

Rachel Dalton, 18 November 2020
Aon launches Asia Pacific capital advisory unit

The move follows a series of launches of similar units in the UK and US.

Jeff Kuntz, 18 November 2020

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