Beazley
-
The facilities syndicate was aiming to write $150mn in premium this year, up from $36mn in 2019.
-
A US restaurant group has filed a federal court complaint seeking pay outs from Beazley.
-
This follows Hiscox’s successful raising of £375mn in a share issue earlier this month.
-
Marine, property and reinsurance would contribute $100mn of total net losses, the insurer said.
-
The reinsurer said its worst-case cancellation losses would run to the mid-triple-digit millions, with a 15 percent market share.
-
The firms said their relationship would see RenRe sourcing capital to provide Beazley with cyber catastrophe reinsurance cover.
-
Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity. -
The smart tracker has written more than $50mn in premiums this year, according to its new leader.
-
Reserve releases fell to $3.4mn in H1 from $48.1mn a year earlier.
-
Firming market an opportunity for the growing ILS fund, according to the analysts.
-
The insurer is exploring using the vehicle for a quota share as well as access to the firm’s Syndicate 5623.
-
Beazley expects its (re)insurance losses from the recent Californian wildfires to amount to $40mn, it announced today.
