-
The ILS market is among the leaders in holding firm on exclusions.
-
An analyst said the fundraise offered investors “a secure balance sheet” at an attractive valuation.
-
The insurer reserved an estimated £17mn for certain BI claims in Q1.
-
The carrier expects event cancellation losses from Covid-19 in the “mid-triple-digit-million euros”.
-
The new bill has a narrower scope than some previously proposed legislation, specifically targeting property, all risks and contingent BI policies.
-
Some believe US insureds could use the case to argue for BI coverage, but physical damage requirements are a strong defence for the industry.
-
Retro deals are seen as a particular concern over growing fears that trapped capital will again be an issue in 2021, as post-2017 innovations will be tested out.
-
The Covid-19 impact on Swiss Re year-end shareholders' equity was 1.63 percent and on Lancashire’s 2.9 percent.
-
The broker's total insured loss estimate spanned $11bn to $140bn, depending on the recovery from Covid-19.
-
The Markel co-CEO said the firm was warehousing retro risk until it raised capital for new platform Lodgepine.
-
Physical damage requirements should protect the carrier, it argued.
-
BI may seep into some reinsurance and retrocession covers but insurers will take the biggest hit, said the head of ILS at Schroders.