October 2017/1

Data provider Property Claim Services (PCS) has issued an initial estimate for Hurricane Irma insured losses in US territories of $18.03bn, The Insurance Insider has reported

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.

A long-term decline in non-fatal workplace accidents and injuries combined with improving loss experience helped workers' compensation carriers to greater profitability last year as premiums climbed to a record $58.5bn

Pool Re has rejigged its reinsurance offer for its members to help close a protection gap for political violence cover among small and medium-sized enterprises

Uncertainty over the cost of hurricanes Irma and Maria has put the brakes on the recovery of the secondary cat bond market, which had initially rebounded.

Markel Catco has said recent catastrophe events mean its 2017 annual return could fall anywhere between up 5 percent to down by as much as 15 percent.

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.

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.

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

Once again, there was little joy to be found in the headline numbers of Lloyd's first half results.

John Sutton and Toby Humphreys, who led Integro's UK operation for more than a decade until their exit in March this year, are planning to launch a new brokerage, The Insurance Insider understands.

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