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Perils estimates Cyclone Eleanor losses at EUR643mn

Catastrophe data aggregator Perils has issued a EUR643mn ($789.3mn) initial loss estimate for extra-tropical Cyclone Eleanor, which struck swathes of western and central Europe on 2 January and 3 January.

Laura Board, 13 February 2018
Modernise or risk being left behind: Hahn

The global (re)insurance market must embrace modernisation or risk being left behind by disruptors, according to Peak Re CEO Franz-Josef Hahn.

Charlie Thomas, 13 February 2018
Opinion: The evolution of Bermuda

Since it emerged out of the liability crisis of the mid-1980s, Bermuda has faced many challenges - perceived or real - to its hegemony as the world's pre-eminent offshore (re)insurance market.

David Bull, 13 February 2018
Third-party cat support leaps at Axis

Axis Capital has $1.9bn of third-party capital support for 2018, of which around 55 percent is dedicated to property cat risk.

Lucy Jones, 13 February 2018
Nexus boosts D&O offering with Apsley deal

Expansive MGA Nexus has made its fifth acquisition in 12 months with an agreement to buy professional lines coverholder Apsley Specialty.

Bernard Goyder, 13 February 2018
RSG acquires marine MGA Lodestar

Ryan Specialty Group (RSG) has agreed to acquire MGA Lodestar to expand its London market marine presence.

John Hewitt Jones, 13 February 2018
Irma Caribbean loss costs put at EUR1.83bn: Reuters

A French insurance industry group estimates that Hurricane Irma’s damages in the Caribbean could cost insurers EUR1.83bn ($2.26bn), Reuters reported today.

Anthony Baldo, 13 February 2018
London market on wrong side of ‘Amazon paradox’

The London insurance sector is highly competitive, but is exhibiting some of the flaws you would expect to find in a monopolistic market, according to Liberty Specialty Markets (LSM) president Matthew Moore.

Adam McNestrie, 13 February 2018
StarStone chosen for Securis primary expansion

Specialty insurer StarStone has agreed a partnership with Securis that will help the insurance-linked securities (ILS) manager expand its US property insurance portfolio, sister publication Trading Risk revealed.

Adam McNestrie, 13 February 2018
Lemonade CEO slaps insurers on gains by denying claims

The co-founder and CEO of Lemonade has lambasted the insurance industry on its claims performance, accusing carriers of making money by not paying claims.

Bernard Goyder, 13 February 2018

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