Axa replaces Axa XL CEO Hendrick with Chubb's Gunter The surprise move reflects a desire to bolster profitability at the specialty business, group CEO Buberl says.
Grocer Ocado receives $95mn for Andover fire to date Further payments for reconstruction and BI losses are expected.
Suncorp keeps powder dry to aid reinsurance ‘flexibility’ The financial services group declines to immediately return the proceeds of vehicle repair and parts business sales to shareholders.
Covea-PartnerRe deal would create $26bn diversified player Just under a quarter of Covea’s portfolio would be dedicated to reinsurance should its bid for PartnerRe be successful.
Carnegie-Brown: Insurance sector yet to get ‘arms around’ coronavirus risk The Lloyd’s chairman predicts the virus will be a “reasonably underinsured” event.