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SCOR downgraded on ‘persistent underperformance’ – but remains bullish on P&C hardening
Insurance
SCOR downgraded on ‘persistent underperformance’ – but remains bullish on P&C hardening
Its performance is not in line with that of close peers such as Munich Re & Hannover Re, says S&P.   18 November 2022
Beazley’s $417m capital raise for 10% stake a ‘proactive’ move in hardening market
Insurance
Beazley’s $417m capital raise for 10% stake a ‘proactive’ move in hardening market
The insurer eyes ‘attractive underwriting opportunities’ in cyber, specialty and property business.   16 November 2022
EMEA insurers in midst of a ‘perfect storm’
Insurance
EMEA insurers in midst of a ‘perfect storm’
Premium rate increases might match inflation but be insufficient to strengthen profitability, says S&P.   15 November 2022
Insurance
Top Ageas officer to exit after 11 years, new leader revealed
The appointee is ‘someone very familiar’ with the group and the insurance sector.   15 November 2022
Insurance
SCOR reinsurance goes ultra-prudent in Q3 loss to clear slate & protect ratings
Booking steep losses Q3 shows a ‘masterclass’ in getting bad news out of the way.   14 November 2022
Insurance
Allianz firms Q3 underwriting results in P&C, on track for top of 2022 target
Top line gains are 80% rate-driven and more rate coming Q4 in fight with inflation: CFO   10 November 2022
Insurance
Munich Re holds FY’22 target after €1.6b Hurricane Ian hit
One-off FX gains in Life & Health pad the Q3 take; P&C Re combined ratio target up 3 pps.   8 November 2022
Insurance
Lloyd’s members keep up the bidding, buy next £77m in capacity auction
Beazley, Tokio Marine, Argenta, Lancashire syndicates all in play.   4 November 2022
News
MGAs benefit as capacity steps back from property cat: AM Best
DUA market grows ‘more rapidly’ than traditional non life, says Stefan Holzberger at AM Best.   4 November 2022
Insurance
SCOR seeks higher rates, retentions as nat cat losses erode APAC profit targets
An elongated soft market and increased catastrophe losses driven by climate change means SCOR has to work hard to meet profitability targets.   2 November 2022

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