COVID-19

Enstar: investment returns drive 2019 profit leap

On the same day its share price fell 6.93 percent amidst the Wall Street rout, Enstar Group posted its full-year earnings which showed a return to profit in 2019 fuelled by a strong return on investments.

US insurance stocks slide as wider markets see record falls

US-listed insurance stocks were a sea of red at the close today as investors panicked over worsening Coronavirus fears in a wider sell-off that saw the biggest points drop on the Dow Jones index in its history.

Argo shares dip on ratings downgrade

Shares in NYSE-listed Argo Group closed down 3.99 percent Thursday as investors reacted to an ominous ratings downgrade from AM Best amidst continued market tumult across global equities sparked by fears over the growing coronavirus.

Euro insurance stocks fall heavily as coronavirus sell-off continues

European insurance stocks fell for a fourth consecutive day as the market tumult sparked by the growing coronavirus crisis sees European stocks follow Asia’s lead with heavy declines in morning trading.

RSA shares up 3% on earnings beat

London-listed RSA saw its shares climb nearly 3 percent in early trading on Thursday after the insurance giant beat analyst expectations for 2019 after restructuring its international business.

Asia-Pacific insurance stocks trade down again as coronavirus shakes market

Insurance stocks in Asia-Pacific fell for a third day on Wednesday following another sharp sell-off on Wall Street and in Europe sparked by a warning that the spread of the coronavirus in the US was inevitable and rising concerns of new cases in Europe.

P&C (re)insurers have limited exposure to Coronavirus despite sell-off: KBW

Despite the global sell-off in insurance stocks yesterday in response to growing fears over the spread of the Coronavirus, (re)insurers do not have a heightened earnings risk to the disease, according to analysts Keefe, Bruyette and Woods.

Japanese insurance stocks trade down on coronavirus crisis

Stocks in Japan’s three leading property insurers saw sharp declines on Tuesday as Asian markets slipped following an overnight plunge on Wall Street and an earlier decline in Europe as fears of the economic impact from the coronavirus outbreak spread.

Swiss Re shares now down 15% since Q4 earnings miss

Swiss Re shares are now down 15 percent since last week’s results after being dragged lower by the double whammy of investor disappointment over Q4 earnings and the Coronavirus-sparked global equities slump.

Insurance stocks trade down on coronavirus fears

US-listed (re)insurance stocks followed their European counterparts in trading down on Monday, against the backdrop of a wider sell-off in global equity markets as investors react to pandemic fears after a surge in new coronavirus cases over the weekend in Italy, South Korea and Iran.

European insurance stocks dip as coronavirus takes hold in Italy

European and London Market (re)insurance stocks traded down on Monday as investors react to a surge in new coronavirus cases over the weekend in Italy, South Korea and Iran.

Speculate to accumulate?

Enstar’s stake in Watford Holdings looks like a value play rather than anything that would signal the total return reinsurer joining other offshore M&A candidates.

Coronavirus coverage issues in spotlight as global cases climb

Coronavirus-related insurance coverage issues have been thrust into the spotlight as the (re)insurance industry continues to assess potential exposures to the spreading virus which has so far caused over 2100 fatalities in China alone.

China launches cover for businesses hit by coronavirus

China’s Hainan province has launched insurance cover alongside 12 leading domestic insurers to protect businesses from losses incurred by the coronavirus outbreak currently sweeping across the country.

Industry braces for Coronavirus BI fallout

The (re)insurance industry is beginning to assess potential exposures to the spreading Coronavirus arising from business interruption coverages.

Hiscox to swerve Coronavirus contingency losses as market begins excluding risk

London-listed Hiscox has revealed it doesn’t have “any significant exposure” to potential Coronavirus-related contingency losses as underwriters of the class begin excluding the virus from event cancellation policies, The Insurer understands.

Swiss Re and Lloyd’s carriers in the spotlight over Coronavirus fears

International (re)insurer Swiss Re – along with a number of Lloyd’s syndicates – are the most exposed to potential losses emanating from the ongoing coronavirus outbreak in China, according to a note from analyst Jefferies.

Chinese insurers face limited coronavirus impact as cases soar to 20,000

Confirmed coronavirus cases in China have continued to grow, reaching 20,000 overnight with the first death in Hong Kong confirmed, however the latest analysis from Moody’s shows the insurers in the country face little exposure to the outbreak.

Axis shares up 4.5% as Benchimol outlines strong pricing trends

Axis Capital shares were trading up almost 5 percent in mid-day trading, after the Bermudian revealed core combined ratio improvement and detailed strong pricing increases for insurance and reinsurance.

Coronavirus to hit contingency market as World Athletics cancelled and F1 in doubt

Contingency underwriters in the London insurance market are facing potentially substantial losses as the World Indoor Athletics Championships has been postponed because of the spread of coronavirus, while the Formula One Chinese Grand Prix also looks likely to be cancelled.

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