All 2020 articles
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NewsAspen reports results for the twelve months ended December 31, 2020
Mark Cloutier, Group Executive Chairman and Chief Executive Officer, commented: “COVID-19 meant that 2020 was a year more challenging than many of us can remember with both profound human and economic consequences.”
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NewsDubai’s DIFC records best performance in 2020, with fintech presence doubling
The Dubai International Financial Centre has just turned its best annual performance ever, with a 20 per cent increase in the number of licensed firms to total 2,919 companies.
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NewsThe Hartford announces Q4, 2020 financial results and 2021 Outlook
“We have been through one of the most turbulent years in recent history, which was shaped by the COVID-19 pandemic, the economic shutdown, social unrest and a significant number of catastrophe events. Despite these challenges we delivered strong core earnings of $2.1 billion, or $5.78 per diluted share, and a ...
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NewsTalanx generates solid net income of EUR 673 million in 2020 despite coronavirus pandemic
Coronavirus claims expenses totaling EUR 1.5 billion were incurred in the industrial insurance and reinsurance and Retail Germany areas in particular. Without these claims resulting from the historic global pandemic the Talanx Group would have exceeded last year’s record results.
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NewsArch Capital announces catastrophe loss estimates
Included in this range of estimates is an update to the Company’s ongoing exposure to COVID-19 global pandemic claims which are essentially unchanged from the estimate previously disclosed by the Company in its Quarterly Report on Form 10-Q for the nine months ended Sept. 30, 2020.
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NewsAM Best Maintains Global Reinsurance Market Outlook at Stable
The COVID-19 pandemic has added more uncertainty to a segment that has experienced increased loss activity in recent years. As a result, reinsurers’ ability to rely on favorable prior-year reserve development has been diminishing steadily.
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NewsAM BEST AFFIRMS CANOPIUS’ FINANCIAL STRENGTH RATING
The ratings reflect Canopius’ balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
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NewsDIFC FinTech Hive’s Accelerator programme to advance the role of women in financial services
DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, revealed the 2020 launch of AccelerateHer, a female-focused career mentorship accelerator programme to empower women in financial services. The programme equips young, aspiring female executives with tools and experience to ...
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NewsBest’s Market Segment Report: MENA Reinsurers Strive to Adapt to Testing Conditions
Regional reinsurers operating in the Middle East and North Africa (MENA) are no strangers to challenging operating conditions. In recent years, the region’s reinsurance market has been characterised by competitive pricing pressures, overcapacity and increased incidence of large losses.
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NewsChina’s general insurance industry growth to slow down in 2020 due to COVID-19, says GlobalData
The China’s general insurance industry is forecast to grow by 3.8% in 2020, compared to 5.7% registered in 2019, according to GlobalData, a leading data and analytics company.
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NewsAspen reports results for the six-months ended 30 June, 2020
Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) reported today an operating loss after tax of $48.2 million and a 109.2% combined ratio for the six months ended June 30, 2020, which included losses associated with COVID-19 totaling $187.3 million or 15.7%. Excluding COVID-19 losses, the Company reported an operating gain ...
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NewsBest’s Market Segment Report: Swiss Re Holds Onto Top Spot in AM Best’s Top 50 Ranking of Global Reinsurers
Swiss Re maintained the top spot in AM Best’s annual ranking of the Top 50 Global Reinsurance groups in 2019 for the second-straight year, and widened its lead over the No. 2-ranked Munich Reinsurance Company, as detailed in the new Best’s Market Segment Report, “Global Reinsurers Maintain Equilibrium Through COVID-19 ...
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NewsAustralia - Black Summer losses to reach A$5.4 billion
Insurance Council of Australia says more than 83 per cent of bushfire claims have already closed
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NewsSwiss Re Institute estimates global insured catastrophe losses of USD 31 billion in first half of 2020, mostly from secondary perils
Global economic losses from natural catastrophes and man-made disasters in the first half of 2020 were USD 75 billion, according to Swiss Re Institute’s preliminary sigma estimates.
