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The Week in 90 Seconds
Covea and PartnerRe's $9bn deal, Sirius woes and Greenlight suitors.
Rachel Dalton
,
06 March 2020
Reinsurer enthusiasm cools on InsurTech capacity deals
Munich Re's move to pull back capacity to Hippo comes as reinsurers are looking more cautiously at InsurTechs.
Bernard Goyder
,
06 March 2020
Delayed UK whiplash reforms could prove a damp squib
The delayed whiplash reforms could prove a damp squib, to the entire industry’s detriment.
Laura Board
,
06 March 2020
AmTrust sells personal lines renewal rights book to Liberty
The transaction reflects the seller's drive to focus on commercial lines and value-added services.
Bernard Goyder
,
06 March 2020
Sirius Q4 loss narrows to $117mn amid turmoil with parent
The beleaguered company takes a $65mn Hagibis hit and a $20mn impact from the Chilean riots.
Bernard Goyder
,
06 March 2020
Insurance stocks fall further than broader market on virus fears
Allstate shares shrink 5.3 percent, while Axis shares lose almost 5 percent of their market value.
Bernard Goyder
,
06 March 2020
AmTrust lawyer argues suit over NYSE delisting is ‘meritless’
Investors filed the proposed securities class action last March following the delisting of $1.2bn in preferred shares.
Bernard Goyder
,
06 March 2020
Atlantic Specialty settles with NBC Universal over war exclusion
The production company sought coverage after violence in Israel caused it to change filming locations for the show “Dig”.
Christie Smythe
,
06 March 2020
Moody’s affirms, AM Best to review Covéa rating following PartnerRe deal
S&P had earlier declared the mutual could comfortably digest even a sizeable acquisition.
Samuel Casey
,
05 March 2020
Axa XL set to end Aon Client Treaty lead participation
The cancellation comes amid market-wide pressure on broker facilities.
Adam McNestrie
,
05 March 2020
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