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The Week in 90 Seconds

FCA BI case hearing closes; Covid crushes carrier results; Convex and Whitespace fundraises.

Rachel Dalton, 31 July 2020
Swiss Re’s Mumenthaler sees administrative role for industry in pandemic backstops

The CEO also casts doubt on the future of event cancellation cover.

Rachel Dalton, 31 July 2020
Lloyd’s reviewing SIAB entry framework

Sources have indicated that exposure to cat risk and further definition around the need for a syndicate in a box to be accretive are two areas of focus.

Catrin Shi, 31 July 2020
Correction: Aon reinsurance unit posts 9% Q2 organic growth amid 1% group decline

Group margins expand by 240 basis points as the group slashes expenses.

Samuel Casey, 31 July 2020
The Full Perspective: Convex capital raise and PartnerRe CEO change

This week the team looks at the prospects for Convex’s new capital raise as well as the CEO transition at PartnerRe.

Insider Publishing Group, 31 July 2020
Pen secures £100mn in capacity for solicitors’ PI

The increased security will allow the established team to write 20% more business over three years.

Samuel Casey, 31 July 2020
Hurricane Isaias heads toward US eastern seaboard

The storm’s track has pulled further offshore, but uncertainty remains.

Jeff Kuntz, 31 July 2020
London Q2 results: More than just a rating story

Commentary from Beazley and Lancashire also flags challenges on volumes, interest rates and recessionary claims.

Adam McNestrie, 31 July 2020
Brit swings to H1 loss of $193.6mn on Covid-19 claims

Rate growth at the Fairfax business almost doubles to 8.2%.

Rachel Dalton, 31 July 2020
Swiss Re puts most Covid claims behind it as H1 CorSo loss shrinks

The company says the bulk of the pandemic hit came in the first half as it predicts a “manageable” impact.

Rachel Dalton, 31 July 2020

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