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London D&O rates spike as underwriters react to recession fears
Businesses expected to suffer disproportionately in the post-coronavirus economy are seeing rises of up to 400 percent.
Samuel Casey
,
06 May 2020
Hannover Re posts EUR220mn in Q1 Covid-19 reserves
Operating profit within the P&C reinsurance division falls 8.9 percent in the quarter.
Rachel Dalton
,
06 May 2020
Hiscox raises £375mn in share issue
Shares in the carrier rise close to 8 percent in early trading after it prices the placing at a modest 6.1 percent discount.
Rachel Dalton
,
06 May 2020
Greenlight Re investment losses outstrip underwriting turnaround
The total return insurer’s combined ratio improved by 18.5 points to 98.9 percent over the three-month period.
Bernard Goyder
,
06 May 2020
TransRe coronavirus losses push Alleghany to $361mn Q1 loss
The (re)insurance group’s combined ratio worsened by 8.2 points to 101.7 percent.
John Hewitt Jones
,
06 May 2020
Dale Underwriting enters US commercial auto market with Neon hires
Syndicate 1729 takes a pair of trucking underwriters from Neon.
Bernard Goyder
,
06 May 2020
Watford’s Axeria acquisition delayed by Covid-19
The transaction is now expected to close in the third quarter of the year.
John Hewitt Jones
,
06 May 2020
DC Council ditches Covid-19 BI cover mandate
The amendment would have forced insurers to cover claims, even where cover does not exist.
John Hewitt Jones
,
06 May 2020
Blackboard management in talks with investors to save venture
The InsurTech, which AIG opted to put into run-off, had projected premium income of $50mn in 2020.
Bernard Goyder
,
06 May 2020
Hiscox releases £10mn-£250mn BI loss scenario
The carrier reiterates its view that SME policies do not cover Covid-19 but sets out an "illustrative" analysis.
Rachel Dalton
,
05 May 2020
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