-
Analyst Michael Huttner forecasts lower pandemic-related losses for the Axa unit than for Allianz.
-
Declines in GDP could affect the flow of business into the market.
-
The carrier says more than 99 percent of property policies have virus or similar exclusions.
-
Insurers say the policy at issue has a $15mn sub-limit for windstorm damage.
-
The broker’s catastrophe report suggests 6 to 9 April events alone could cost the industry about $1.4bn.
-
The results were impacted by an unrealised investment loss of $612.6mn.
-
The “pragmatic" move is contingent on the gastronomy companies involved agreeing to exclusions on existing policies.
-
The insurer added $121mn to its catastrophe treaty, covering it for up to $5bn of losses.
-
The earthquake insurer has also recruited Bill Bold as chief strategy officer.
-
The country was hit by devastating wildfires and hailstorms in December and January.
-
The carrier has $1.3bn of public reinsurance cover remaining.
-
The estimate excludes losses from Lloyd’s and the London market.
