-
The club reported a combined ratio of 102.2% for the first half of 2020, and an underwriting deficit of $2.2mn.
-
Scor sought higher-priced agg cover, but Munich Re achieved below-average uplift on its occurrence treaty. -
The ratings agency cites the “significant support” provided by parent Axa as well as divisional restructuring moves.
-
The CEO predicts that the carrier's own expansion will be among the fastest of any year since the early 2000s.
-
The polarisation of views on Covid losses is so wide, and the sums at stake so large, that it is inevitable some reinsurance claims will end up in arbitration processes.
-
The mooted changes would impact entrepreneurs and private equity business models.
-
The Hammerfest loss is thought to be ~$500mn and well spread around the market.
-
The German carrier says P&C gross written premiums expanded 3% to $27.3bn in the period.
-
Rates surge as much as 300% on distressed risks as underwriters seek to rebuild profitability.
-
London Market Life panellists say underwriting remediation and modernisation efforts must continue.
-
The 1 January renewal will be a battle for the biggest slice of post-Covid upside.
-
Headline growth is the highest since the broker’s index began, amid price increases in every region for eighth consecutive quarter.
