-
The combined ratio deteriorates by 26.9 points to 107.8%, though comes in ahead of forecasts. -
The carrier predicts Covid’s reinsurance impact will drive market hardening.
-
The Australian carrier has also modestly increased its reserves for Covid-19 BI claims.
-
The French reinsurer reported average treaty price increases of 7.8% in January and predicted rate growth through to 2022.
-
Third Point Re also confirmed Tim Mardon as global property head and named Rachael Dugan as general counsel.
-
Offering crop reinsurance is the latest move since Core Specialty launched in November.
-
He replaces Tim Mardon, who recently moved to Third Point Re as global head of property.
-
The reinsurer was chasing a high 15% net return target but said lower demand and capital trapping made this unachievable
-
Insurers already face A$40mn in claims, a level set to rise and potentially affect reinsurance.
-
The executive had been president of Bermuda for Chubb’s reinsurance arm since 2011.
-
The California-based carrier had to tap reinsurers for two reinstatements in Q4.
-
Roche raised concerns about the "reemergence of social inflation".
