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Zurich posits Covid BI loss in low to mid-hundred millions
The carrier says more than 99 percent of property policies have virus or similar exclusions.
Fiona Robertson
,
14 May 2020
Antares promotes FI leader Campbell to head of specialty
The former head of financial institutions replaces John Taylor, who is leaving the business.
Samuel Casey
,
14 May 2020
Envelop Risk raises $6mn in Series A
The raise was led by Alpha Intelligence Capital, and was its first major InsurTech investment.
Anna Sagar
,
14 May 2020
Neal: Lloyd’s will support price-driven growth after Covid-19
The Lloyd’s CEO said market repricing “has to happen” after the substantial losses from the pandemic.
Catrin Shi
,
14 May 2020
With Brit’s new follow-only syndicate, the push for a revolutionised follow market is very much still on
With Brit’s new follow-only syndicate, the push for a revolutionised follow market is very much still on.
Catrin Shi
,
14 May 2020
Zurich predicts $750mn Covid-19 claims in 2020
The carrier recognises $280mn of Q1 losses from the pandemic, which it says will remain an earnings event.
Samuel Casey
,
14 May 2020
Lloyd’s pegs industry Covid-19 loss at $107bn for 2020
The Lloyd’s market loss is expected to absorb up to $4.3bn of this loss.
Catrin Shi
,
14 May 2020
Sirius swings to Q1 $100mn loss on Covid-19 hit
The (re)insurance group has absorbed $140mn in claims from the pandemic.
John Hewitt Jones
,
14 May 2020
Aon faces $85mn lawsuit from glassmaker over tornado damage
Insurers say the policy at issue has a $15mn sub-limit for windstorm damage.
John Hewitt Jones
,
14 May 2020
Crum & Forster withdraws from ocean marine
Sources said the insurer has struck a renewal rights deal with International Marine Underwriters.
John Hewitt Jones
,
14 May 2020
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