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The carrier’s annual catastrophe losses ticked up to $2.9bn in October.
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The carrier said its new EUR750mn funds from Covea would help to reduce financing costs. -
Australian carrier ups coronavirus BI provision to A$195mn.
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The start-up, which is targeting a Day 1 IPO, will target a 5%-6% dividend yield and a mid-teen ROE.
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Sources think the court ruling in favour of a German beer hall in October could have widespread repercussions.
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The London-listed carrier expects 110% combined ratio for 2020 as it lifted cyber loss assumptions.
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Spreads are being offered to investors at the higher end of the initial range.
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Repeated pelting from smaller cat losses presents a host of challenges for carriers.
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The US property carrier remains exposed to severe weather losses, the agency said.
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Lawsuits launched against top property carriers hit a fresh annual high in September, data shows.
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“Non-Covid” claims in the quarter also came in above average, with the Beirut blast its largest man-made loss.
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Analyst Philip Kett suggested that the carrier has "adequate but not comfortable levels of capital".
