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Opinion: Dangers of wish fulfilment
When the gods wish to punish us they answer our prayers. So mused Sir Robert Chiltern, the "ideal husband" in the Oscar Wilde play of the same name.
Laura Board
,
15 February 2018
Wildfires lead to Q4 operating loss for Lancashire
Lancashire's share price dropped by more than 5 percent after it fell to a pre-tax loss of $3.2mn in Q4 2017, as heavy wildfire losses contributed to a combined ratio of 119.5 percent.
Bernard Goyder
,
15 February 2018
Harvey losses projected at $15.7bn
Hurricane Harvey was projected to produce $15.7bn in insured losses, based on estimates provided to Texas regulators by insurers responding to a data call last autumn.
Ted Bunker
,
15 February 2018
AFL hires P&C duo
Independent Lloyd's broker AFL has bolstered its P&C leadership with the hires of Barry Rowland and Chris Cavani.
John Hewitt Jones
,
15 February 2018
Lloyd’s carriers reach settlement with Kanye West
Lloyd's syndicates have settled its lawsuit with rap artist Kanye West over a disputed contingency claim, the website TMZ has reported.
Bernard Goyder
,
15 February 2018
Catalina pulls plug on $166mn PSIC legacy deal
Catalina's agreed deal to acquire a $166mn legacy book held by Illinois-based Public Service Insurance Company (PSIC) has been terminated, re-opening the sale to other parties, according to court papers.
Adam McNestrie
,
15 February 2018
Directors in the dark as cyber risks escalate
Nearly two-thirds of organizations consider cyber threats to be among their top five risk-1--management priorities, yet only 1-in-5 board members say they review their company’s cyber risk reports, according to a new study released today.
Anthony Baldo
,
15 February 2018
Navigators beats on underwriting and investments
Navigators reported fourth quarter operating earnings that rose 38 percent to $24.5mn on improved underwriting and investment results, comfortably outpacing Wall Street forecasts in the process.
David Bull
,
15 February 2018
Kemper target Infinity’s FSR grade put under review
Infinity Property & Casualty’s ratings have been placed under review with negative implications by AM Best, the ratings agency said today, citing the planned acquisition of the company by Kemper.
Anthony Baldo
,
15 February 2018
Hail losses push Suncorp over H1 nat cat budget
Australian carrier Suncorp exceeded its natural catastrophe claims budget for the six months to 31 December by A$65mn ($51.8mn), primarily driven by losses from the Victoria hailstorm in December.
Catrin Shi
,
15 February 2018
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