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The Lloyd’s CEO says insurance can still do a “hell of a lot” to help the crisis as he throws his weight behind Stephen Catlin’s “Pan Re” initiative. -
Hiscox, Willis and Lloyd's were among the companies that faced up to the Covid-19 crisis, while US lawmakers also had their say.
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The carrier’s withdrawal has shown that not just the worst-performing syndicates will think seriously about an exit.
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Half the sum will be put towards a UK market-wide pandemic risk pool facility.
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The move was a “practical measure” that would help stabilise the market, the ratings agency said.
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Iwan Ropcke will lead Netherlands and Belgium, with Guy-Antoine de La Rochefoucauld taking on Luxembourg.
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Prime Time Sports Grill says its insurance claim was denied on 23 March.
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The ratings agency said uncertainty around Covid-19 threatened underwriting performance and earnings.
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Existential threats mount from Covid-19, as investment gains push Lloyd's back into the black.
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Covid-19 could provide a tailwind in a pivotal year for Lloyd’s future profitability.
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The estimate assumes normalised major losses of 10 percent of Lloyd’s net earned premium.
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CFO Keese sees the ratio falling no further than 135 percent in an extreme scenario.
