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UPC withdraws Armor Re II cat bond
The carrier failed to secure sufficient investor interest for the transaction.
John Hewitt Jones
,
19 March 2020
AIG, Beazley and Hiscox plunge amid wider equity collapse
AIG marked a third straight day of stock price losses, ending at $18.78 per share.
John Hewitt Jones
,
19 March 2020
Covid-19 cases could reach 2.9 million worldwide by 1 April: AIR
The projections are far higher than the official tally of about 205,000 because they include mild cases that may not be confirmed.
Bernard Goyder
,
18 March 2020
Lloyd’s to shut underwriting room on Thursday
The trading floor, which normally hosts 5,000 brokers and underwriters a day, has fallen quiet amid the coronavirus pandemic.
Bernard Goyder
,
18 March 2020
Stone Point buys up $20mn of Axis shares
Chuck Davis disclosed an affiliated fund had boosted its stakes in the Bermuda (re)insurer to almost $20mn.
Bernard Goyder
,
18 March 2020
NJ pulls bill forcing insurers to pay coronavirus BI claims: reports
The bill would have obliged insurers to pay out even if pandemic cover were excluded.
Samuel Casey
,
18 March 2020
AM Best plans pandemic stress test
As things stand the agency expects rated companies to remain able to meet their commitments.
Anna Sagar
,
18 March 2020
Zenk tests market with flat pricing as it seeks $1bn more limit
The world's biggest cat renewal is something of a sideshow this year, given focus on loss-hit wind covers.
Adam McNestrie
,
18 March 2020
IGI to put Tiberius capital to work in energy, property and PV
The Dubai-headquartered company will list on the Nasdaq today, giving it additional access to capital markets.
Anna Sagar
,
18 March 2020
Japanese wind deals show rate rises of 35-55%
Despite major increases reinsurers seem underwhelmed by the scale of the re-rating.
Adam McNestrie
,
18 March 2020
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