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Heavy credit claims weighed on Axis Q3 loss costs: Benchimol
The executive said recent bankruptcies had contributed to the insurer’s elevated losses.
John Hewitt Jones
,
30 October 2019
Beazley swoops for Marsh JLT Specialty finpro broker Parry
The broker is working his notice before joining Beazley, and will be replaced by Shaunna Batabyal.
Samuel Casey
,
30 October 2019
California wildfire containment grows but unfavourable conditions persist
Kincade Fire containment doubled overnight, with the Tick Fire now 94 percent contained.
Anna Sagar
,
30 October 2019
Carlyle to buy majority stake in US broker Hilb
Abry exits its holding in a deal believed to value the business at around $1bn.
Rachel Dalton
,
30 October 2019
Axis and Argo shares slide as claims bite in Q3
Axis reported a Q3 operating loss, while Argo anticipates a $42mn reserve charge in the period.
Samuel Casey
,
30 October 2019
Lloyd’s targeting 25-30% expense ratio in five years: Neal
The wider market must get closer to a 20 percent expense ratio, the Lloyd’s CEO told delegates at SIRC.
Emmanuel Kenning
,
30 October 2019
Enstar acquires $800mn captive from BorgWarner
Liabilities involved are associated with asbestos and environmental claims.
Rachel Dalton
,
30 October 2019
Initial loss disclosures show Hagibis more costly than Faxai
Markel and RenaissanceRe’s initial estimates of Hagibis losses point to a potential $10bn-plus loss.
Anna Sagar
,
30 October 2019
RenRe falls to underwriting loss in Q3 as TMR drives top-line growth
The Bermudian company wrote 70 percent more casualty and specialty premium year on year.
Adam McNestrie
,
30 October 2019
AIG’s Syndicate 2019 is a key test case for Lloyd’s as a risk-sharing exchange
It was one of those announcements which left the Insider team scratching their heads at first.
Catrin Shi
,
30 October 2019
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