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Berenberg predicts EUR1.3bn Covid-19 losses for Axa XL
Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
Rachel Dalton
,
15 May 2020
The Week in 90 Seconds
Covid-19 industry losses, Insider US highlights, Charman on the record and the lowdown on Brit’s new syndicate.
Rachel Dalton
,
15 May 2020
Skuld fiscal 2020 profit more than doubles on strong investments
The P&I club says rates must rise on its mutual book of business to come into line with risk.
Samuel Casey
,
15 May 2020
Hiscox shareholders approve all AGM resolutions
Investors give seal of approval after share issue.
Rachel Dalton
,
15 May 2020
AM Best removes PartnerRe from under review status
Fitch had earlier trimmed its outlook to negative after the carrier’s takeover by Covea collapsed.
Rachel Dalton
,
15 May 2020
Terrorism market takes action to avoid Covid-19 premium drop
Policies typically cannot be cancelled, but rising insolvency rates increase the risk of non-payment.
Anna Sagar
,
15 May 2020
Almost half AIG shareholders at AGM backed meeting rule change
About 44 percent of votes cast supported a move to increase investor power to demand special meetings.
Rachel Dalton
,
15 May 2020
IGI posts improved underwriting result in Q1
IGI had its debut on the Nasdaq in March, as the company closed its $390mn reverse merger with blank cheque company Tiberius.
Bernard Goyder
,
15 May 2020
Fitch shifts PartnerRe outlook to negative after Covea deal scuttled
An earlier positive outlook had reflected an anticipated benefit from ownership by a larger P&C, health and life insurance organisation.
Christie Smythe
,
15 May 2020
Covid-19 likely to spur further casualty rate rises: BB&T’s Howard
John Howard says an earlier estimate indicates carriers are under-reserved in casualty by about $100bn.
John Hewitt Jones
,
15 May 2020
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