Marc Grandisson – Arch Capital

Arch estimates up to $225mn Q2 cat losses

2020-07-14T20:49:00+01:00

Arch Capital has estimated pre-tax net catastrophe losses of $205mn to $225mn across its property casualty insurance and reinsurance segments in the second quarter, including $170mn to $180mn for Covid-19 claims.

II-Chubb

Chubb appoints CIAB’s Fielding to new general counsel role

2020-07-14T23:30:00+01:00

Chubb has turned to the Council of Insurance Agents & Brokers (CIAB) to add to its government affairs team with John Fielding joining the giant carrier after four years with the trade body.

Keystone BainCapital

Keystone and Bain form insurance platform to deploy $500mn in capital

2020-07-14T22:21:00+01:00

Keystone Insurers Group and Bain Capital Credit have launched Keystone Agency Investors (KAI), a platform to acquire and invest in US retail insurance agencies that Keystone expects will accelerate its national expansion.

Bruce Lucas – Heritage

Heritage expects $27mn of Q2 weather losses

2020-07-14T22:12:00+01:00

Florida-based Heritage Insurance Holdings has estimated it will take $26.8mn of net current accident quarter weather losses in the second quarter.

Selective

Selective takes $83mn Q2 cat hit as storms and civil unrest bite

2020-07-14T21:30:00+01:00

Selective Insurance Group’s soon-to-be-published second quarter results will include an estimated $83mn of pre-tax net catastrophe losses, $61mn of which will be from two April storms and the civil unrest that arose across the US.

II-Chubb

Chubb appoints CIAB’s Fielding to new general counsel role

2020-07-14T23:30:00+01:00

Chubb has turned to the Council of Insurance Agents & Brokers (CIAB) to add to its government affairs team with John Fielding joining the giant carrier after four years with the trade body.

Keystone BainCapital

Keystone and Bain form insurance platform to deploy $500mn in capital

2020-07-14T22:21:00+01:00

Keystone Insurers Group and Bain Capital Credit have launched Keystone Agency Investors (KAI), a platform to acquire and invest in US retail insurance agencies that Keystone expects will accelerate its national expansion.

Bruce Lucas – Heritage

Heritage expects $27mn of Q2 weather losses

2020-07-14T22:12:00+01:00

Florida-based Heritage Insurance Holdings has estimated it will take $26.8mn of net current accident quarter weather losses in the second quarter.

Selective

Selective takes $83mn Q2 cat hit as storms and civil unrest bite

2020-07-14T21:30:00+01:00

Selective Insurance Group’s soon-to-be-published second quarter results will include an estimated $83mn of pre-tax net catastrophe losses, $61mn of which will be from two April storms and the civil unrest that arose across the US.

Q2 preview

Focus on Covid-19 as US P&C earnings season gets underway

As the Q2 earnings season gets underway investors will be looking for more complete and consistent disclosure of Covid-19 losses from US and Bermudian carriers, and evidence of how the pandemic has directly and indirectly impacted the sector’s prospects, including pricing momentum, growth outlook and M&A.

2020 YTD insured losses n

H1 cat activity below 10-yr trends as hurricane season starts early: Aon

Preliminary natural cat losses for the first half of 2020 are below the 10-year average and median, while historical data does not indicate an early start to the Atlantic hurricane season directly correlates to higher industry losses for the season, according to Aon.

Allstate and National General Insurance

Allstate to reverse independent agent business into NatGen to create top 5 player

Allstate’s proposed $4.0bn acquisition of National General will see it reverse merge its independent agent business including Encompass into the personal lines specialist to create a top five player in the $125bn premium segment.

Q2 preview

Focus on Covid-19 as US P&C earnings season gets underway

As the Q2 earnings season gets underway investors will be looking for more complete and consistent disclosure of Covid-19 losses from US and Bermudian carriers, and evidence of how the pandemic has directly and indirectly impacted the sector’s prospects, including pricing momentum, growth outlook and M&A.

2020 YTD insured losses n

H1 cat activity below 10-yr trends as hurricane season starts early: Aon

Preliminary natural cat losses for the first half of 2020 are below the 10-year average and median, while historical data does not indicate an early start to the Atlantic hurricane season directly correlates to higher industry losses for the season, according to Aon.

Allstate and National General Insurance

Allstate to reverse independent agent business into NatGen to create top 5 player

Allstate’s proposed $4.0bn acquisition of National General will see it reverse merge its independent agent business including Encompass into the personal lines specialist to create a top five player in the $125bn premium segment.



Goldilocks bowls

Chubb adds heavyweight voice to US pandemic backstop debate

Chubb’s release of its proposal for protecting against future pandemics could serve to restore momentum to an issue that appeared to have stalled, providing a middle ground between the two proposals already out there.

program manager masthead

Access to paper and alignment of interests

Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.

California wildfires

Another hard (market) decision

The move to pull the proposed $2bn renewal of the California Wildfire Fund’s 2020 reinsurance programme is the latest example of a response from buyers to hardening momentum as capacity from reinsurers becomes meaningfully more expensive.

Goldilocks bowls

Chubb adds heavyweight voice to US pandemic backstop debate

Chubb’s release of its proposal for protecting against future pandemics could serve to restore momentum to an issue that appeared to have stalled, providing a middle ground between the two proposals already out there.

program manager masthead

Access to paper and alignment of interests

Cementing access to paper and demonstrating alignment of interests with (re)insurers has become increasingly important for MGAs and program administrators.

California wildfires

Another hard (market) decision

The move to pull the proposed $2bn renewal of the California Wildfire Fund’s 2020 reinsurance programme is the latest example of a response from buyers to hardening momentum as capacity from reinsurers becomes meaningfully more expensive.