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Arch Capital Group is the latest re/insurer to see its profitability severely hampered by the impact of COVID-19, reporting second quarter profits that were markedly down on the previous year. 30 July 2020
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Bermuda’s response to the COVID-19 pandemic was “proactive, aggressive and successful,” according to Curtis Dickinson, Bermuda’s Minister of Finance. 29 July 2020
Life
AXA XL has unveiled a new leadership team for Asia and Europe as it continues to implement changes to its insurance operating model. 29 July 2020
News
Aon and Skytek, a software solutions provider, have partnered to create a new hurricane tracking system to help marine re/insurers track cargo, hull and offshore assets during the storm season. 29 July 2020
News
Lancashire Holdings saw the impact of COVID-19 weigh on results in the first half of the year, but pointed to strengthening pricing trends as cause for optimism going forward. 29 July 2020
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AXIS Capital reported a net loss for the first half of 2020 but a net profit for Q2, emphasising the broader health of the business and the opportunities to capitalise on firming market conditions going forward. 29 July 2020
News
Chubb has reported a loss for Q2 2020, blaming the COVID-19 pandemic for a year on year collapse in profitability and stressing the underlying health of the company and the balance sheet. 29 July 2020
Life
Arch Insurance Australia has appointed Melissa Ahern and Simon Reid as senior underwriters in its accident and health (A&H) division. 29 July 2020
News
PartnerRe has named Jacques Bonneau as its president and chief executive officer, replacing Emmanuel Clarke, who is leaving the company by mutual agreement to pursue other opportunities. 28 July 2020
News
There have been more named storms in the Atlantic in 2020 than ever before at this stage in the season, according to Guy Carpenter. 28 July 2020
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