-
The deal is set to close in the first half of 2020 and will see the Singaporean reinsurer enter run-off.
-
The agreement would provide JP Morgan with equity in Scor in the event of a major disaster, or if the carrier’s share price falls below EUR10 in the next three years.
-
We've been talking about the reinsurance market being the “squeezed middle” caught in between accelerating primary and retro markets for some time, but could Neon be the first casualty of collateral damage from this phenomenon?
-
Hurricane Dorian and Typhoon Faxai losses have hit (re)insurers following a relatively benign first half of the year for catastrophe activity. -
The carrier expects Typhoon Hagibis to cost it EUR200mn.
-
The carrier said it anticipated larger losses from Typhoon Hagibis in Q4 than those generated by the Q3 catastrophes.
-
Cat losses and higher reinsurance ceded premiums were partially offset by improved underwriting margins and continued discipline over operating expenses, the carrier said.
-
The Floridian insurer also increased its Hurricane Michael loss to $32.5mn in the quarter.
-
News of adverse development from the two Floridians may point to a market-wide issue.
-
Amid the information overload of results season, “man-made catastrophes” appear to be the main emerging theme – albeit manifesting in two very different ways.
-
All the carrier's new cat losses were retained net.
-
The carrier’s ILS revenues tripled year on year after its Nephila acquisition.
