Golden Ray vessel

North’s exposure to Golden Ray pushes CR to 125.8%

2020-05-28T19:06:00+01:00

The North of England P&I Vlub’s exposure to the Grande America and Golden Ray casualties, the latter of which is set to cost the market more than $400mn, pushed the protection and indemnity mutual’s combined ratio to 125.8 percent for the 2019/20 policy year.

lloydsbuidlinglandscape_6

Lloyd’s forecasts worst case loss of £809mn for 2019 YoA

2020-05-27T13:04:00+01:00

Lloyd’s has forecast that non-third party backed syndicates will post a worst-case scenario loss of £808.7mn ($995mn) in the aggregate for the 2019 year of account (YoA).

David Ross – Ardonagh

Ardonagh trims Q1 loss to £13.7mn as debt grows to £1.2bn

2020-05-21T11:30:00+01:00

Private equity-owned UK broker consolidator Ardonagh Group narrowed its first quarter loss to £13.7mn ($16.8mn) ahead of an imminent major refinancing.

Generali share price

Generali shares trade down as takes Eur655mn Covid-19 investment hit

2020-05-21T06:50:00+01:00

Shares in Generali were trading down over 2 percent at the opening bell as the Italian insurance giant revealed it was impacted by Eur655mn ($718mn) in net impairments on investments in the first quarter due to the impact of Covid-19 on financial markets.

MS Amlin

MS Amlin returns to profit in 2019; CR 101.7%

2020-05-20T07:05:00+01:00

Lloyd’s (re)insurer MS Amlin returned to profit in 2019 with its combined ratio improving by 4 percentage points to 101.7 percent and a strong return from investment.

Tokio Marine FY results

Tokio Marine pegs Q1 Covid-19 overseas exposure at $346mn

2020-05-20T10:07:00+01:00

Tokio Marine Holdings has estimated its Covid-19 exposures within its overseas business will total a 37bn yen ($345.7mn) hit to its net income in Q1, with the bulk of this disclosure stemming from its investment portfolio.

Golden Ray vessel

North’s exposure to Golden Ray pushes CR to 125.8%

2020-05-28T19:06:00+01:00

The North of England P&I Vlub’s exposure to the Grande America and Golden Ray casualties, the latter of which is set to cost the market more than $400mn, pushed the protection and indemnity mutual’s combined ratio to 125.8 percent for the 2019/20 policy year.

lloydsbuidlinglandscape_6

Lloyd’s forecasts worst case loss of £809mn for 2019 YoA

2020-05-27T13:04:00+01:00

Lloyd’s has forecast that non-third party backed syndicates will post a worst-case scenario loss of £808.7mn ($995mn) in the aggregate for the 2019 year of account (YoA).

David Ross – Ardonagh

Ardonagh trims Q1 loss to £13.7mn as debt grows to £1.2bn

2020-05-21T11:30:00+01:00

Private equity-owned UK broker consolidator Ardonagh Group narrowed its first quarter loss to £13.7mn ($16.8mn) ahead of an imminent major refinancing.

Generali share price

Generali shares trade down as takes Eur655mn Covid-19 investment hit

2020-05-21T06:50:00+01:00

Shares in Generali were trading down over 2 percent at the opening bell as the Italian insurance giant revealed it was impacted by Eur655mn ($718mn) in net impairments on investments in the first quarter due to the impact of Covid-19 on financial markets.

MS Amlin

MS Amlin returns to profit in 2019; CR 101.7%

2020-05-20T07:05:00+01:00

Lloyd’s (re)insurer MS Amlin returned to profit in 2019 with its combined ratio improving by 4 percentage points to 101.7 percent and a strong return from investment.