-
Yesterday morning Progressive released its March results, giving a first look on the impact of the Covid-19 shutdown on insurance financials. -
Chaos in financial markets is also expected to have a substantial effect on Arch’s investment income in Q1.
-
The company has cut its expected full-year EPS by roughly 26 percent.
-
The carrier said it was difficult to accurately forecast the full impact of Covid-19 on its operations.
-
The Allied World and Brit parent draws down $1.8bn from a credit facility to support its (re)insurance operations.
-
The company said it will post an investment loss of $42.2mn from its holdings in Solasglas Investments fund.
-
(Re)insurance shares in Europe also outperform market indices after a strong day for US brokers yesterday.
-
Lloyd’s announced full-year 2019 results on Thursday that marked a return to profitability – primarily driven by investment gains.
-
The delay comes after the company revealed earlier this month it had been hit by loss development of $63.8mn on its auto book.
-
The Bermuda company says its ADC deal with Enstar is bearing fruit.
-
Progressive released its February results with a challenging macro backdrop. Key figures included a 90.3% consolidated combined ratio and an LTM shareholder ROE of 26.4%.
-
The carrier has also appointed Kevin Chidwick as group CFO.
