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Global Re: cats mask contrasting underlying performances
The global reinsurers took significant hits from the third quarter hurricane activity, but earnings disclosures also revealed diverging ex-cat underwriting performances in the period.
Iulia Ciutina
,
21 November 2017
Global non-life reinsurance premiums grow in Q3
The Insurance Insider's composite of global non-life reinsurance writers posted year-on-year top line increases for the third quarter, but a number of the group attributed large portions of the growth to reinstatement premiums.
Iulia Ciutina
,
21 November 2017
London GWP rises in Q3 as carriers anticipate rate increases
London's three remaining publicly listed carriers all increased their top lines in the third quarter of 2017, although the trio diverged in their growth strategies.
Charlie Thomas
,
21 November 2017
IPT in focus ahead of budget
Insurers fear another rise in the UK's insurance premium tax (IPT) rate in tomorrow's budget after three increases in less than two years doubled the rate to 12 percent.
Laura Board
,
21 November 2017
Reinsurance for NFIP sought as reform efforts stall
A process to renew reinsurance for the National Flood Insurance Program (NFIP) could lead to expanded cover, but the Federal Emergency Management Agency (Fema) may be forced to pay a rate increase of 20 percent or more.
Ted Bunker
,
21 November 2017
Setting US-EU accord rules could take 5 years
Certain benefits from the covered agreement signed on 22 September by US and EU officials may be a long time in coming, as full implementation may take five years.
Ted Bunker
,
21 November 2017
Insurance will be sexier
Insurance is going to have to get sexier because even our most undemanding customers will soon demand it.
Mark Geoghegan
,
21 November 2017
AIG leads $750mn MGM excess casualty tower
As insurers brace for potential claims from the Las Vegas shooting last month, it has emerged that AIG leads the MGM Resorts International excess casualty tower and also has a significant participation on the cover bought by entertainment company Live Nation.
David Bull
,
21 November 2017
US casualty insurers seek up to 10% price hikes
US casualty underwriters are confident of achieving rate increases of up to 10 percent in the early part of next year, as the market passes an inflection point prompted by a build-up of liability claims and the knock-on effect from 2017 earnings decimated by property cat losses.
David Bull
,
21 November 2017
Opinion: Lloyd's HIM burden
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.
Charlie Thomas
,
21 November 2017
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