Insight and Intelligence on the London & International Insurance Markets

21 September 2017

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Maria weakens as Jose lingers by New England

21 September 2017

Hurricane Maria, now a Category 3 storm, is moving away from Puerto Rico and is expected to pass offshore of the northeastern coast of the Dominican Republic later today, according to the US National Hurricane Center (NHC)Read more


Hannover Re, Talanx warn on 2017 profit following cat losses

21 September 2017

Hannover Re today warned it may not achieve its full-year 2017 profit guidance of more than EUR1bn ($1.20bn) following the string of large loss events in the third quarterRead more


Ardonagh Ebitda up a fifth in maiden earnings report

21 September 2017

The Ardonagh Group posted adjusted Ebitda of £57.6mn ($78.0mn) in the first six months of 2017, a 21.3 percent pro forma rise year-on-year, as it reported its first numbers since its creation earlier this yearRead more


Florida Irma claims surge as Maria lurks offshore

20 September 2017

Claims for losses from Hurricane Irma have surged in Florida even as a fresh storm, Hurricane Maria, has torn up Caribbean islands as it moves in the general direction of the US East CoastRead more


Zurich NA CEO Foley steps down to be replaced by Savio

20 September 2017

Zurich North America CEO Mike Foley is stepping down from the carrier effective in January 2018 and will be replaced by the unit’s alternative markets president Kathleen SavioRead more


Progressive’s Harvey loss suggests less industry pain

20 September 2017

Progressive reported sharply lower than expected catastrophe losses related to Hurricane Harvey, which led to a nearly 2.9 percent gain in its shares yesterday, may indicate less overall insured damage than has been forecast from the stormRead more


Maria lashes Puerto Rico but eye skirts Virgin Islands

20 September 2017

Hurricane Maria slammed into Puerto Rico and blacked out the island commonwealth early today as a Category 4 storm packing sustained winds of as much as 155 mph (249 kph) but weakened considerably after crossing the mountainous US territoryRead more


Irma loss up to $55bn as Caribbean claims mount: RMS

20 September 2017

Industry insured losses from Hurricane Irma could range from $35bn to $55bn, modelling firm RMS estimated, including up to $20bn in Caribbean claimsRead more


Liberty Specialty Markets reshuffles leadership team

20 September 2017

Liberty Specialty Markets (LSM) has appointed Phil Hobbs deputy managing director, as recently installed president and managing director Matthew Moore reshuffles his top teamRead more


Reinsurer earnings will take hurricanes hit: RBC

20 September 2017

RBC Capital Markets has lowered its 2017 earnings estimates for European reinsurers and Lloyd's carriers by an average of 21 percent and 54 percent respectively to allow for the impact of hurricanes Harvey and IrmaRead more


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