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Fourth-quarter lockdown measures will push Covid-related P&C Re and CorSo losses up $400mn to $2.7bn for 2020, the analysts say.
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The underwriter will work alongside George Stratts to build a book of business.
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Pandemic outbreak jumps 15 places to become the joint-second perceived risk.
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Deployed capacity is recovering and claims were below expectations but ending government support could negatively hit the market.
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The analyst says the judgment removes an overhang that had weighed on the carrier’s stock.
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Typical cat loss events trigger XoL reinsurance recoveries. It is not certain that this will.
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The carrier's 2020 net loss estimate remains intact after the buffer for potential Australian BI losses.
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The carrier still expects net losses from Covid-19 to cost about £62mn.
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The ruling broadens the coverage available and alters the operation of trends clauses.
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Shares in the carrier recover from initial losses following a ruling by the Supreme Court that came down largely in favour of insureds.
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Judges dismiss insurers’ appeals and overturn the famous Orient Express ruling.
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The upcoming Supreme Court ruling could result in increased losses for the carrier.