October 2017/1
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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.
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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
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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.
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(Re)insurance stocks climbed by 3.8 percent in the third quarter to hint at investor confidence in carrier balance sheets, despite an onslaught of natural catastrophes that threaten to wipe out the year's reinsurance premium intake.
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Competition among InsurTech start-ups to join so-called accelerators is keen, with 10 of the market's most high-profile firms receiving more than 8,500 applications to join their programmes, according to a report from Celent and Guy Carpenter.
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As insurers and their reinsurers continue the challenging task of assessing HIM exposures, there is anecdotal evidence that US property underwriters are beginning to demand rate increases at renewal.
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Let me take a wild guess - I bet you're glad it's not Q3 2017 anymore.
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Concern is mounting in the market that Nagico, the dominant insurer in the Dutch Caribbean, will shoot through the top of its reinsurance programme after St Maarten was devastated by Hurricane Irma.
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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
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Alex Jomaa of CFC Underwriting has been voted the top cyber underwriter in the London market for the second year running, according to The Insurance Insider's 2017 cyber rankings survey
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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
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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.
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