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‘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
ProSight hires three executives to senior leadership team
A former Markel CFO will join as a non-executive director.
Anna Sagar
,
07 May 2020
PRA halts insurance stress test work amid pandemic
The project is one of a number of initiatives stalled or postponed because of Covid-19 pressures.
Laura Board
,
07 May 2020
Carbon Underwriting: Inside the new Lloyd’s SIAB
CEO Stephen Card calls on MGAs to overcome the “fear factor” surrounding the recently launched SIAB framework.
Catrin Shi
,
07 May 2020
Zurich reshuffles commercial leadership to align segments
The move is designed to align short- and long-tail lines to improve efficiency.
Samuel Casey
,
07 May 2020
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