QBE international CEO Pryce to retire Axa XL global P&C CEO Jason Harris will succeed the divisional chief in the fourth quarter.
Axa faces EUR15mn Olympics postponement loss: Jefferies Philip Kett said Axa’s likely loss for the outright cancellation of the games would be EUR60mn.
ABI: Forcing Covid-19 BI cover a ‘shortcut to insolvency’ Director general Huw Evans says UK claims are likely to exceed £1bn.
TMK Syndicate 510 back in black with 90% COR The syndicate has undergone extensive remedial work but also benefited from lower cats and substantial reserve releases.
PRA warns insurers to be ‘prudent’ on profit distribution The regulator’s stance is significantly softer than that taken with UK banks, which have been forced to suspend dividends and buybacks.