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S&P revises Swiss Re ratings outlook to negative
The ratings agency has changed its view amid the carrier’s worse-than-expected earnings and high combined ratio.
John Hewitt Jones
,
09 May 2020
Insurers fight to delay Covid-19 BI lawsuit consolidation
The Judicial Panel on Multidistrict Litigation will determine whether federal BI lawsuits should be consolidated.
John Hewitt Jones
,
09 May 2020
Judge slams MMC subpoenas to CAC hires as ‘fishing expedition’
The judge also allowed MMC to amend a trade secrets suit over employee defections to add further allegations about Cobbs Allen.
Christie Smythe
,
09 May 2020
Argo expects ‘magnitude’ of Covid-19 property claims to fall: Rehnberg
The carrier’s chief executive officer said the “vast majority” of BI cover in the US has virus exclusions.
Christie Smythe
,
09 May 2020
Third Point has limited commercial property exposure to Covid-19: Malloy
Dan Malloy says most of the carrier’s property cat portfolio is personal lines-focused.
John Hewitt Jones
,
08 May 2020
PartnerRe falls to $433mn Q1 loss as pandemic hits investments
The Bermuda carrier’s non-life P&C combined ratio worsened by 6.1 points to 103.8, as Covid-19 losses impacted the carrier.
Bernard Goyder
,
08 May 2020
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
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