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Brokers’ Q3 earnings: Three things you might have missed
Aon, Willis and MMC calls reveal clients’ hard market tactics, staff retention strategies and Covid-19 headwinds.
Rachel Dalton
,
04 November 2020
Contingency market turns to Covid-19 rebates to boost business
The sector is trying to find ways to rebuild its client base following the devastation caused by the Covid-19 pandemic.
Samuel Casey
,
04 November 2020
Hannover Re Q3 P&C re profit up 13.9% as 2020 guidance revised
The reinsurer bolsters P&C re Covid-19 reserving by EUR100mn in the third quarter, taking the total to EUR700mn.
Rachel Dalton
,
04 November 2020
Rear to step down as Munich Re Digital Partners CEO
The portfolio of InsurTech partnerships will now be overseen by the company’s specialty businesses in the US and UK.
Bernard Goyder
,
03 November 2020
Axa XL exceeds H2 cat budget by EUR300mn after storms
Parent Axa leaves its EUR1.5bn estimate for Covid-19 losses unchanged at the nine-month mark.
Catrin Shi
,
03 November 2020
Argo to sell European operations as restructure continues
The disposal plans are the latest of a string of restructuring measures under the leadership of CEO Kevin Rehnberg.
Adam McNestrie
,
03 November 2020
CoreLogic launches strategic review after unwanted bid
The risk modeller has been fending off Senator Investment and Cannae Holdings since their initial $5.2bn takeover proposal in June.
Anna Sagar
,
03 November 2020
FHCF boosts Irma loss estimate to $6.5bn
The fund’s loss estimates for the 2017 hurricane have climbed nearly $3bn in 18 months.
Kit Heren
,
03 November 2020
Lloyd’s to open underwriting room on Wednesdays only during lockdown
The Corporation has told UK-based employees to work from home with exception of a few essential roles.
Anna Sagar
,
03 November 2020
Majors: ‘Aligned ILS’ providers need to identify their client
The Nephila CEO said ILS capital backing sidecars that are a "trade not a relationship" will charge a higher cost of capital.
Fiona Robertson
,
03 November 2020
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