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The executive said he is optimistic society will be able to “handle” the pandemic. -
On the quarter, the broker posted strong results across most financial metrics but withdrew guidance due to elevated uncertainty.
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AIG will report earnings tonight and face investors tomorrow, and we see big strategic questions hanging over it on (a) AIG 200, (b) its capital allocation strategy and (c) its market sensitivity.
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Warren Buffett told shareholders that the company has so far faced limited claims impact from the coronavirus.
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The company reported a 7 percent dip in underwriting income as it took a hit from $230mn in Covid-19 claims.
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The investment losses struck Watford’s non-investment grade portfolio.
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Yesterday, National General discussed Q1 results which included operating EPS of $0.91, up 18.2% YoY, and a headline combined ratio of 87.8% compared with 89% last year.
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The JRVR management team detailed for analysts why it expected its Covid-19 exposure to be minimal, though it expects the fallout from the virus to hit the company’s top line in the second half.
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The broker lifts its operating margin by 2 points as reinsurance solutions expands 9 percent on an underlying basis.
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The carrier’s executives say it has made substantial progress in resolving historic liabilities related to the account.
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The CEO said protecting staff compensation was a priority but would not rule out pay cuts.
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Markel held its quarterly earnings call yesterday, during which it hit on a number of topics, including outlining for analysts the nature of the company’s pandemic losses.
