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EU's Solvency II review seen as a minor positive for insurers
Jefferies gives its view on the positives and negatives of the reform
Catastrophe loss ratios are likely to exceed budgets
Jefferies says year-to-date losses appear to be 15% above the long-term average
Global insured catastrophe losses running 17% above average in 2021
Jefferies said the losses were a marked improvement on its previous report
Global insured losses nearly 40% above average in Q1
February's US polar vortex drove the losses, according to Jefferies
Beazley names new CEO as Andrew Horton joins QBE
Horton is not expected to take up his new role until 1 September
Axa earnings fall 34% but property and casualty insuring still profitable
Axa keeps Covid-19 bill estimate stable at €1.5bn
Adriatic Slovenica secures €50m in private debt deal
Twelve Capital was anchor investor