Issues

Hurricane Nate may not go down in the annals along with Harvey, Irma and Maria when the history of this remarkable period of catastrophe losses is written, but the fourth US landfalling hurricane of the season has added fresh pain for already-suffering carriers.

Average comprehensive motor insurance premiums in the UK fell by 1.1 percent to £838 ($1,105) in Q3, as insurers adjusted their prices in anticipation of a change to the Ogden discount rate, according to the latest pricing survey from Willis Towers Watson.

US broker Integro was recently running a pro forma debt-to-Ebitda ratio in excess of 9x, numbers from Moody's show, as it enters exclusive takeover talks with independent London broking house Tysers.

For a start-up, getting the timing right is often a key driver of success.

State Farm had the most to lose from Hurricane Nate when it blew ashore in Louisiana over the weekend, based on the company's market share in the Bayou State.

The impact of hurricanes Harvey, Irma and Maria (HIM) means the insurance-linked securities (ILS) sector is in line for one of its more complicated 1 January renewals, despite the fact the market's share of losses will be much more contained than it might have been.

Let me take a wild guess - I bet you're glad it's not Q3 2017 anymore.

With the third quarter now in the books and (re)insurers obliged to quantify their losses for investors during reporting season, a number have started to pre-announce their expected share of the glut of cat losses.

Catastrophe modelling firms have failed to reach a consensus on the impact of hurricanes Harvey, Irma and Maria, as carriers attempt to count the cost of a fast-moving claims situation

For a long time the traffic has been going in the other direction. Independent brokers were selling up, accepting the inevitable march of consolidation.

Lloyd's posted a better combined ratio for the first half of 2017 than for the prior-year period, but this wasn't enough to prevent a drop in pre-tax profits.

Lloyd's has pushed back the approvals process for Barbican's special purpose arrangement (SPA) with Toa Re and Apollo's venture with Mark Rayner, The Insurance Insider understands.