-
The carrier said its reinsurance protection would respond to the loss, but recoveries may be limited.
-
The companies warn that the pandemic will likely cause losses and devalue their books and investments.
-
The regulator issued a notice after receiving complaints about insurers trying to dissuade policyholders from filing claims.
-
-
The carrier said its solvency ratio remains within its target range.
-
The lawsuit will be a test case for property insurers holding that business interruption policies do not cover pandemic shutdowns.
-
Pricing has moved to the top of the guidance range, sources said.
-
The carrier is pushing for “payback across portfolios”, Scor’s global P&C CEO Jean-Paul Conoscente said.
-
The carrier’s CEO described the fall as ”really, really good for us and the rest of the market”.
-
The carrier noted that the nat cat loss figure for 2019 was EUR2.05bn, almost double that of the year before. -
Further growth of the carrier will be constrained if it can’t bolster its balance sheet.
-
The carrier said it has already secured two-thirds of the private reinsurance limit it will place this year.
