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Aviva to pass reinsurers £276mn of H1 Covid losses
The carrier is also honing its focus and redeploying capital under new CEO Amanda Blanc.
Anna Sagar
,
06 August 2020
RSA to cut 300 roles in latest cost-cutting drive
Carrier will also reduce office space, improve technology and simplify its product suite.
Rachel Dalton
,
06 August 2020
Axa XL books EUR843mn loss in H1 as Covid-19 bites
Axa estimated its total 2020 impact from Covid-19 for the group at EUR1.5bn, which it booked in the first half.
Anna Sagar
,
06 August 2020
Insider 50 makes gains in July but lags the S&P 500
P&C stocks grew in July as Q2 earnings season started with broker stocks coming out on top.
Khilan Shah
,
06 August 2020
International GL prices up 15% as capacity contracts
Meanwhile, US GL underwriters fear the impact of Covid-19 litigation.
Rachel Dalton
,
06 August 2020
Munich Re P&C profit falls 51% in Q2 after heavy Covid-19 losses
The carrier cancelled its share buy-back plan in order to reinvest capital into reinsurance growth.
Rachel Dalton
,
06 August 2020
Third Point Re and Sirius agree to merge in $788mn deal
The business will be known as SiriusPoint and led by ex-AIG CFO Sid Sankaran, who will become chairman and CEO.
Bernard Goyder
,
06 August 2020
Isaias set to be another minor primary wind loss
Sources say initial modelled loss data converges on another sub-$1bn loss with wider variations than over earlier 2020 storms.
Fiona Robertson
,
05 August 2020
Marine market braced for Beirut port explosion losses
The London D&F market is expecting minimal exposure, but there is also potential for political violence and trade credit losses, sources said.
Anna Sagar
,
05 August 2020
Nexus hires Asia A&H head from Aspen Singapore
Justin Yeo was previously at Aspen for more than three years.
Anna Sagar
,
05 August 2020
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