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Sussex and Versutus investors narrowed their loss from H1 2019.
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The insurer said it has substantial reinsurance cover available although none have been drawn on yet.
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Investment income fell by over 65%, weighing on improved underwriting results. -
The manager’s MGA operations boosted ILS revenue despite lower AuM.
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The reinsurer did not provide an updated Covid-19 loss estimate.
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Parent Lancashire fell to an underwriting loss for the first half after lifting its Covid-19 loss estimate to $42mn.
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The Australian carrier lifts its guidance on natural catastrophe claims to A$904mn ($644mn) from $850mn.
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The French reinsurer guides away from an equity raise as it predicts further rate hardening.
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The firm grew its cat book 13% in the June-July renewals.
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The reinsurer is also allocating more risk budget to cat after cutting back.
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Insider promoted after 10 years’ service.
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The company’s premium base is closing in on market leader State National.
