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London (re)insurers less dependent on reserve releases in 2012
The pre-tax profits of the quoted London market (re)insurers improved in 2012, driven by lower catastrophes but also by improved technical underwriting returns.
18 March 2013
Case: the market must change faster than its clients
The global (re)insurance market must evolve faster than its customers to stay relevant in a fast-changing risk landscape. This was the assessment of Aon plc CEO Greg Case in an Insurance Institute of London lecture at the Old Library at Lloyd's last week.
14 April 2014
Devastating Oklahoma tornado threatens meaningful insured loss
A powerful tornado has cut a swathe of destruction through Oklahoma City, killing at least 91 people and reviving memories of the outbreaks in April and May 2011 that cost insurers $14bn
21 May 2013
UK premium tax rise far smaller than feared
Chancellor of the Exchequer George Osborne disproved UK commercial insurers' gloomiest predictions in his emergency budget today (22 June), announcing an insurance premium tax (IPT) increase of just 1 percent to 6 percent.
22 June 2010
Fears of $2bn-$3bn Tianjin loss mount
Insured losses from the explosion in Tianjin port last month are now expected to amount to $2bn-$3bn, according to a range of market sources.
Adam McNestrie
,
01 September 2015
Colorado losses drive Allstate to higher-than-expected Q3 cat toll
Analysts have trimmed earnings forecasts for Allstate after the US insurance giant announced higher than expected September and Q3 catastrophe losses that include the impact of the Colorado hailstorm event at the end of last month.
17 October 2014
Everest Q2 CoR up marginally to 90.4% despite Russia-Ukraine war losses
Everest booked $98mn of aviation losses related to the war, which contributed 2.5 points to the consolidated CoR.
Kyoung-son Song
,
30 July 2025
Everest’s casualty remediation to be completed in Q3: CEO Williamson
Specialty casualty now accounts for around 22.2% of its insurance business mix.
Kyoung-son Song
,
31 July 2025
XL bolsters US inland marine team
XL Group has hired three underwriters to its inland marine underwriting divisions in New York, Cleveland and Atlanta.
29 November 2011
The (re)insurance industry could learn lessons from a UK veto on letting agents’ tenancy fees
Over the weekend, a law banning letting agencies from charging tenancy fees came into effect in the UK.
Fiona Robertson
,
04 June 2019
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