Allianz
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Hannover Re has estimated that the floods could end up costing the industry as much as EUR7.5bn. -
The carrier is expecting 30,000 property claims, as well as 5,000 vehicle claims.
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The executive will be replaced by CFO Holger Tewes-Kampelmann.
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Costs outpaced the European benchmark rate change, but Covid loss negotiations have been deferred.
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A fresh BI ruling in Australia this week highlighted the industry's reason for caution over Covid exposure as legal actions continue.
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The carrier expects its total losses to reach EUR700mn-EUR900mn, as Covid claims reports begin to flow to reinsurers.
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The executive’s interim role as head of the ART unit becomes permanent.
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LiquidX is a trade finance and trade credit insurance exchange that has executed more than $21bn in trades since 2016.
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The deal could be expanded by up to 50 percent at the top end of pricing guidance.
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The carrier’s P&C division could miss its 2020 operating profit target by 20 percent, CFO Giulio Terzariol said today.
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After 13 years at Axis, Kiernan has completed gardening leave and taken up a new role.
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Simon Buxton left the Allianz-owned specialty insurer last year.
