Carrier

The Third Point Re acquisition removes the immediate risk of a downgrade below A- for Sirius.

The Beirut blast, fundraises and mergers, and D&I developments.

The carrier booked higher natural catastrophes and loss deterioration on its crop book.

The London market business booked the majority of its Japanese parent’s fiscal Q1 Covid-19 losses.

The carrier’s top team says price increases are now spilling over into loss-free lines and regions.

Investors react after the carriers’ group earnings almost halve year on year.

The Lloyd’s business is looking to raise $800mn of new equity and $200mn of debt.

The carrier is also honing its focus and redeploying capital under new CEO Amanda Blanc.

Axa estimated its total 2020 impact from Covid-19 for the group at EUR1.5bn, which it booked in the first half.

The carrier cancelled its share buy-back plan in order to reinvest capital into reinsurance growth.

The carrier also expects the Beirut explosion to be a "major loss".

The CFO said that the unit was focused on building a profitable book and that growth would come later.