China Pacific Insurance to raise $155mn in over-allotment option The carrier plans to issue around 8.7 million global depositary receipts at $17.60 per receipt.
EC approval delays £10bn UK trade credit backstop Consultation on amount of premium ceded and how much liability the state will shoulder has caused delays.
Reinsurance rates rise by up to 20% in July renewals: Hyperion X Rate increases should continue but may be increasingly fragmented by January 2021.
Axa XL curtails D&O risk appetite in London market The pull back of a key lead market comes at a time of significant hardening in the D&O space.
Covid not a capital event for reinsurers: Willis Re The investment hit to the industry has nearly been erased, while capital raising is approaching the scale set by the class of 2005 start-ups.