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KCC puts Isaias insured loss at $4.2bn

Loss estimates outstrip early expectations.

Jeff Kuntz, 10 August 2020
IG reinsurers notified for $130mn drugs bust ship loss

Just under 20 tons of cocaine was seized from the MSC Gayane by US authorities last July.

Samuel Casey, 10 August 2020
Global insurance rates up 19% in Q2: Marsh

Prices rise in every region for the seventh consecutive quarter, with the UK easily outstripping US growth.

Rachel Dalton, 10 August 2020
Berkshire expands P&C reinsurance premiums 29% in Q2

Warren Buffett’s reinsurance business fell to a $1.1bn loss as Covid-19 and prior-year casualty losses hit the result.

Fiona Robertson, 10 August 2020
Helios Underwriting to fund expansion with capital raise

The company is looking to increase its retained capacity and grow its fund with pre-emptions and acquisitions.

Anna Sagar, 10 August 2020
Beirut hull, cargo and port losses estimated at $250mn: Guy Carpenter

The broker highlights industrial and commercial buildings as the likely source of international property market exposure.

Anna Sagar, 10 August 2020
Return to EC3: One-third of London market waiting until 2021

A snap poll of Insurance Insider’s London-based readership last week found that a third of respondents were planning a return in September but many are waiting until next year.

Catrin Shi, 10 August 2020
R&Q hands Sandell Re to Tradesman in exchange for 35% stake in MGA

The Accredited program partner has plans to expand into new lines of business.

Anna Sagar, 10 August 2020
Berkshire Hathaway doubles Q2 underwriting gains on Geico frequency

Geico’s combined ratio came in at 77.2% down 18 points as frequency fell 24% to 30% across all product lines.

Dan Lukpanov, 09 August 2020
AM Best removes Sirius from negative outlook on Third Point Re deal

Fitch retained its negative outlook on Sirius, noting the carrier’s “operating performance deterioration in recent years” and exposure to Covid-19 losses.

Bernard Goyder, 08 August 2020

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