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Argo profit slides as Bermudian posts $26.2mn in Covid-19 losses
Strong growth in the US helped increase premium volume at the Bermudian carrier by 8.6 percent to $826mn.
Bernard Goyder
,
08 May 2020
Third Point reports underwriting profit despite coronavirus woes
The carrier recognised net losses of $9.5mn from Covid-19 claims during the period.
John Hewitt Jones
,
08 May 2020
AIG, RenRe and Everest shares jump as lockdowns wane
Shares in the insurers rose higher than the broader market as states move toward cautiously reopening their economies.
Bernard Goyder
,
08 May 2020
Everest’s Andrade sounds alarm over Covid-19 workers’ comp shifts
The executive says carriers have not underwritten or priced for statutory developments.
John Hewitt Jones
,
08 May 2020
‘We are now in a hard market’: RenRe’s O'Donnell
O’Donnell argued that market uncertainty about the breadth and depth of Covid-19 losses will reduce risk appetite and constrain the reinsurance supply.
Bernard Goyder
,
07 May 2020
US April tornadoes claims bill to surpass $2bn: Aon
The broker’s catastrophe report suggests 6 to 9 April events alone could cost the industry about $1.4bn.
Anna Sagar
,
07 May 2020
MGA platform OneAdvent buys Modus Underwriting from CFC
The target writes premium of about $12mn.
Anna Sagar
,
07 May 2020
UPC signs up new reinsurers as treaty renewal progresses
CEO John Forney says the renewal will be done with manageable price increases.
Suliman Mulhem
,
07 May 2020
Chubb names global markets management liability head
Peter Bremner will also be Eurasian and African financial lines head.
Anna Sagar
,
07 May 2020
Enstar posts $517mn Q1 net loss and warns of Covid-19 uncertainty
The results were impacted by an unrealised investment loss of $612.6mn.
Samuel Casey
,
07 May 2020
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