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The meteorological service has lifted its hurricane estimate from six to 10 to seven to 11.
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Lawyers are diligent in finding avenues to bring litigation against insurers, FedNat’s CEO Michael Braun told analysts on Thursday.
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This week we discuss the impact Covid-19 trapped capital is having on the retro market and the surprise investment partnership between Covea and PartnerRe.
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The UK insurer has exposure to BI losses through a Canadian dentistry book.
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Axa estimated its total 2020 impact from Covid-19 for the group at EUR1.5bn, which it booked in the first half. -
The business will be known as SiriusPoint and led by ex-AIG CFO Sid Sankaran, who will become chairman and CEO.
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Sources say initial modelled loss data converges on another sub-$1bn loss with wider variations than over earlier 2020 storms.
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The retro vehicle has only picked up a small share so far but this will grow.
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The P&C business posted a EUR167.9mn underwriting deficit on EUR380mn in Covid-19-related losses.
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Reports of flooding in eastern US states as millions were left without power.
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Port facilities, warehouses, ships and commercial property appears to have been critically damaged.
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The storm is producing tornadoes on its way up the US east coast.
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