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Swiss Re shares tumble after large earnings miss

Analysts remain unconvinced that the US casualty reserving crisis is behind the carrier.

Rachel Dalton, 20 February 2020
Narrow pursuit of ‘diversity’ alone carries risks: Horton

The Beazley CEO says bad behaviour in the London market still needs to be “called out and stamped out”.

Laura Board, 20 February 2020
Leaders like Beazley may look favourite to own the new follow market – but don’t count out entrepreneurs

One of the defining stories of the London market over the next two to three years will be the fight to “own” the restructured follow market at Lloyd’s.

Adam McNestrie, 20 February 2020
Axa XL makes 2019 underwriting loss as Hendrick exits

Cat losses and large man-made claims weigh on the division's earnings.

Catrin Shi, 20 February 2020
Swiss Re CorSo loss deepens as group misses FY forecasts

The troubled commercial specialty unit reports strong renewals price growth but a $647mn full-year loss.

Rachel Dalton, 20 February 2020
FedNat discloses $12mn in pre-tax Q4 adverse development

The carrier said the charge mainly stems from non-core business, including $5.5mn from commercial general liability.

Christie Smythe, 20 February 2020
Voce praises Argo management as new directors picked for board

Dr Bernard Bailey and Fred Donner will stand for election at the Argo annual shareholders meeting on 16 April.

Bernard Goyder, 20 February 2020
Axa replaces Axa XL CEO Hendrick with Chubb's Gunter

The surprise move reflects a desire to bolster profitability at the specialty business, group CEO Buberl says.

Catrin Shi, 20 February 2020
Alleghany reports $84.4mn loss after heavy Hagibis hit

The company reported catastrophe losses of $284mn for the fourth quarter, compared with $402mn in the same period a year earlier.

John Hewitt Jones, 20 February 2020
California court rules state can’t force Fair Plan to widen cover

The decision comes amid a flurry of regulatory and legislative activity intended to aid homeowners affected by recent wildfires.

Bernard Goyder, 20 February 2020

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