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In the aftermath of this year's devastating cat losses there has naturally been a lot of focus on what direct and indirect impact there will be on pricing in the property market.
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Insurance is going to have to get sexier because even our most undemanding customers will soon demand it.
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Canopius' HIM numbers took us by surprise yesterday. Its (soon to be former) parent company Sompo revealed the Lloyd's managing agent would shoulder a burden of $190mn from the three hurricanes, along with a small loss relating to the Mexican earthquakes.
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News last week that Mars has lodged a claim for $50mn-$60mn from its insurers after it recalled confectionary because of Salmonella worries is emblematic of the rising exposures insurers are taking on in product recall.
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Urged on by President Donald Trump, the US House of Representatives passed a corporate tax cut yesterday that would save businesses more than $1.45tn and could boost P&C insurers' earnings by an estimated 12 to 14 percent
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First came the fear, then the relief and then, arguably, a creeping complacency
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The multi-billion dollar US flood insurance market may yet be cracked open for private carriers after yesterday's passage in the House of Representatives of a reform measure that would do just that
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What an industry we have the privilege to write about!
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Allianz's new EUR2.0bn ($2.3bn) share buyback was one of the surprises of the European third quarter earnings season, announced just 10 months after the German insurer embarked upon its first ever stock repurchase, of EUR3bn
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With the Californian wildfires reported to now be almost entirely contained, a clearer picture of the impact on the industry is starting to emerge
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Is a day of reckoning coming for brokers?
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AmTrust has largely been a tale of woe for investors this year, despite multiple moves by management to burnish the insurer's image, boost its balance sheet and disentangle it from related entities