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Edison slims California fire cover to $870mn amid ‘tight’ market

The utility spent 13% more to secure its insurance but cut back third-party cover to $870mn.

Jeff Kuntz, 29 July 2020
Miller launches trio of facilities

Broker facilities offer cover for PPE shipping, media liability and contractors’ plant and equipment.

Rachel Dalton, 29 July 2020
Whitespace targeting £3mn capital raise for growth

The funding will be used to meet international demand which the platform said had been “well ahead of expectations”.

Anna Sagar, 29 July 2020
Lancashire shares drop 5% following ‘disappointing’ H1 results

Analysts had expected the carrier to make a first-half profit, but reserve deterioration and higher Covid-19 claims impacted results.

Anna Sagar, 29 July 2020
UK government steps in with £500mn TV and film insurance scheme

The temporary measure aims to “fill the gap” left by the lack of available insurance for the sector.

Bernard Goyder, 29 July 2020
Convex has an almost unique fundraising story as a hybrid of scale-up and start-up

Convex has an almost unique fundraising story as a hybrid of scale-up and start-up.

Adam McNestrie, 29 July 2020
Lancashire falls to H1 loss after $42mn Covid-19 hit

The carrier reported a combined ratio of 106.9% as it absorbed Covid-19 losses mainly from its property book.

Anna Sagar, 29 July 2020
RenRe reports Q2 beat, raises $250mn in additional capital

The reinsurer’s combined ratio improved to 78.5% from 81.3% in the prior year quarter.

James Thaler, 29 July 2020
Chubb reports worst combined ratio in nearly 15 years

The report included elevated cat losses, including Covid, in line with the numbers pre-announced three weeks ago.

Dan Lukpanov, 29 July 2020
Axis beats Q2 estimates with solid underwriting gains

The company reported operating income of $0.84 per share, compared with analysts’ consensus of $0.35.

James Thaler, 29 July 2020

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