Max Re heads for third quarter loss
Reinsurer Max Re Capital predicted that it would make a third quarter 2001 loss of $0.20-0.30 per share, taking into account its expected $5m loss from the 11 September terrorist attacks in the US
Disappointment in discount rate
Zurich disappointed in new #discountrate. David Nichols, Ch Claims Officer: "The failure to change the discount rate to a balanced level will only serve to increase the cost and, therefore, affordability of certain types of insurance - especially for higher risk customers." pic.twitter.com/ac1CfBzfxX
— Zurich Insurance UK (@ZurichInsUK) July 15, 2019
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