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Paris court fines Covéa and Derez $24mn over Scor bid
Separate criminal proceedings brought by the French reinsurer against the mutual and its chief have yet to be heard.
Samuel Casey
,
10 November 2020
Lloyd's syndicates to avoid capital hit for 2021: sources
Capital requirements are expected to rise by only 1%-2%, dispelling fears of a 5%-10% rise.
Adam McNestrie
,
10 November 2020
Chubb retreats from London entertainment lines after team leaves
The sector has been hit hard by pandemic losses, which have prompted a spate of staff movement.
Samuel Casey
,
10 November 2020
Tropical Storm Eta forecast track swings west towards northern Florida
The storm is set to weaken to a tropical depression before making landfall.
Kit Heren
,
10 November 2020
Louisiana Citizens cedes $94mn storm losses to reinsurers
The last-resort carrier met its retention after Hurricane Laura, but expects over $128mn in total insured losses from the 2020 storm season.
Jeff Kuntz
,
10 November 2020
Scor Global P&C hires Axa exec as chief business transformation officer
Myriam Moufakkir joins after 15 years at Axa.
Anna Sagar
,
10 November 2020
Prima Assicurazioni CEO replaced after ‘arrest on rape and kidnapping charges'
The Italian InsurTech is a Munich Re coverholder and counts Blackstone and Goldman Sachs as minority owners.
Anna Sagar
,
10 November 2020
OneGlobal appoints chairman and CEO for new Singapore office
The office is the broker’s second in Asia, following expansion into Hong Kong in August.
Anna Sagar
,
10 November 2020
Space insurers hope for breakeven 2020 after loss-making years
Rates surge as much as 300% on distressed risks as underwriters seek to rebuild profitability.
Anna Sagar
,
10 November 2020
UK grants unilateral EEA equivalence as wait on Brussels continues
Chancellor of the Exchequer Sunak says the government will take a “technical, outcomes-based approach” to the assessments.
Laura Board
,
10 November 2020
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