Insight and Intelligence on the London & International Insurance Markets

18 November 2017

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MS Amlin discloses £398mn of cat claims

Catastrophe losses pushed MS Amlin to a net loss of £324mn ($428.9mn) for the six months to 30 September, against a £38mn profit in the prior-year period, according to filings from parent MS&ADRead more

Citizens data show $1.11bn Q3 underwriting loss: S&P

Florida’s insurer of last resort, state-run Citizens, produced a third-quarter net underwriting loss of more than $1.11bn, S&P Global Market Intelligence said today, citing an analysis of statutory filingsRead more

Trump seeks $12bn for flood work, urging NFIP reform

The Trump administration has requested $12bn for flood mitigation projects and urged passage of National Flood Insurance Program reforms that the House of Representatives adopted this weekRead more

Guarantee Insurance enters receivership as insolvent

Florida regulators have placed Guarantee Insurance, the workers’ compensation carrier controlled by former Patriot National CEO Steve Mariano, into state receivership, saying it is insolvent and had filed false financial statementsRead more

Product recall market faces $50mn-$60mn Mars claim

Global confectionery giant Mars is claiming for $50mn-$60mn on its product recall policy after it recalled thousands of chocolate products over fears of salmonella contaminationRead more

Correction: Sompo books $736mn in hurricane losses

Adjusted profit at Sompo fell 62 percent year-on-year in the six months to 30 September as claims incurred from the North American hurricanes pushed its international insurance operations to a lossRead more

News analysis

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Investors cautious as AmTrust continues clean-up

AmTrust still has a big job on its hands to win over investors after another messy set of quarterly results that also highlighted the efforts management is making to clean up the US insurer, strengthen its balance sheet and set it on a more stable path towards 2018 and beyondRead more

US specialty top line swells by 11% in Q3

US specialty players continued to increase their exposure during the third quarter of 2017, with gross written premiums (GWP) rising by 10.8 percent, according to analysis by The Insurance InsiderRead more

Q3 cats kill US specialty underwriting margins

US specialty combined ratios escalated well into triple digits in the third quarter following elevated catastrophe losses, while ex-cat underwriting performances improved overall year-on-yearRead more

Reinsurance leads growth at Aon and MMC

The big three insurance brokers all expanded their reinsurance business on an organic basis in Q3, with Aon posting the fastest growth for the second consecutive quarterRead more

Bermuda Q3 top line buoyed by reinstatement premiums

Bermudian third quarter gross written premiums (GWP) increased by 20.4 percent on the prior-year period to reach $7.8bn, fuelled by reinstatement premiums triggered by the quarter's elevated level of catastrophe lossesRead more

More coverage

Trading RiskAll Articles
The reinsurance convergence market uncovered

Lutece Re to join new retro writers in 2018

New insurance-linked securities (ILS) fund Lutece Re will be among the start-ups targeting the retrocession segment in 2018 as the market anticipates a significant rating reaction to heavy losses this year, sister publication Trading Risk revealed this monthRead more

Loss fileAll Articles
Major losses and claims tracked

RMS suggests rivals overstated Maria losses

Catastrophe risk modelling group RMS has suggested that insured losses from Hurricane Maria could be lower than some observers had feared as it reiterated its forecast loss range of $15bn to $30bnRead more

The latest on litigation and legal developments

Greek MP asks questions on Ethniki as Exin Re staff paid

A member of the Greek parliament has posed questions to the country's finance minister about Exin's proposed EUR958mn ($1.10bn) acquisition of state-owned insurer Ethniki, citing concerns about "major liquidity problems" and issues with the recently submitted change of control requestRead more

BriefingsAll Articles
Mapping the regulatory and legislative landscape

Agora receives final Lloyd’s approval for full syndicate

Third party managing agent Asta has received final clearance from Lloyd's for special purpose arrangement (SPA) Agora to start writing business as a full syndicate in JanuaryRead more

Solvency IIAll Articles
All the latest news and analysis

UK lawmakers’ Solvency II wish list exceeds PRA proposals

An influential UK parliamentary committee report on Solvency II has put UK regulator the Prudential Regulation Authority (PRA) on a tighter leash, though risks making Brexit more complicated, regulatory experts say.Read more

In-depth coverage of the run-off sector

Compre agrees Allianz legacy deal

European legacy acquirer Compre has agreed to purchase a portfolio of assumed reinsurance liabilities from Allianz Versicherungs AG for an undisclosed sum. Read more

Inside FACAll Articles
Full coverage of the facultative reinsurance market

THB MGA Unicorn hires D&F heavyweight Chapman

Neil Chapman, the former head of direct and facultative (D&F) at Argo Global, is set to join THB's MGA platform Unicorn Underwriters, The Insurance Insider can revealRead more

Insider Comment

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Where are the warts?

What an industry we have the privilege to write about!Read more

Research & Supplements

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SIRC 2017

SIRC 2017

There are complex dynamics around the regulation of reinsurance in emerging markets, including much of AsiaRead more

BB 2017 Day 1

Baden-Baden 2017 Day 1

Welcome to the first of our daily editions from the 2017 Baden-Baden Reinsurance SymposiumRead more

BB 2017 Day 2

Baden-Baden 2017 Day 2

Welcome to the second of our daily editions from the 2017 Baden-Baden Reinsurance SymposiumRead more

PCI 2017 Day 3

PCI Newsletter 2017 Day 3

Welcome to the last of our daily newsletters from this year's PCI conference, which took place on 15-17 October in ChicagoRead more

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