Paolo Vagnone, the man brought in to lead strategy for Lloyd's ahead of Brexit, is set to part ways with the Corporation, The Insurance Insider can reveal
Liberty Mutual posted an $886mn net operating loss for the third quarter as it revealed that it was expecting claims from Hurricanes Harvey, Irma, and Maria to total $1.2bn after taxes.
Florida-based homeowners specialist HCI Group said its third quarter operations were “significantly impacted by Hurricane Irma” as it revealed that a $53.6mn claim bill had pushed it to a loss for the period.
Navigators fell short of analysts’ expectations as it posted a $29.6mn loss that included higher-than-expected catastrophe losses and a $29.5mn reserve charge.
French insurance giant Axa’s property and casualty revenue rose 1 percent to EUR28.3bn ($33bn) in the first nine months of this year as price hikes fed through to the top line.
James River narrowly beat analysts’ expectations for Q3, which will be Adam Abram’s penultimate quarter as CEO after he announced plans to hand the reins to president and COO Robert Myron.
