On Tuesday, the BLS released March CPI data that included a downward spike in auto price inflation to -6.2%, driven by declines in accident frequency related to country-wide Covid-19 lockdowns.
Covea announced it would no longer be acquiring PartnerRe. The move seems likely to torch its reputation as a potential merger partner and will present challenges for its purported strategic goals.
The company released its Q1 earnings, which included a 0.3pt improvement in its combined to 92.2%, as it reaffirmed its FY2020 guidance of $6.45-$7.25 in operating EPS.
On earnings calls, executives at the major reinsurance underwriters signaled a greater likelihood that losses on the sector would be contained, offering a juxtaposition to primary and retro markets.
