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Beazley forecasts $200mn-$300mn in H2 cat claims

Beazley expects its full-year 2017 combined ratio to be around 100 percent, following an estimated $200mn-$300mn in total natural catastrophe claims for the second half of the year.

Catrin Shi, 09 November 2017
Enstar profit dives on losses at Atrium and Starstone

Cat-driven losses at Atrium and Starstone combined with a 50 percent drop in profits at Enstar’s non-life run-off operation to cut the group’s net income to $39mn for the third quarter

David Bull, 09 November 2017
AmTrust falls to an unexpected operating loss

AmTrust shares fell in after-hours trading late today as investors reacted to a third quarter earnings miss.

David Bull, 09 November 2017
Universal net income plummets 63% on Irma losses

Universal Insurance Holdings net income plunged 63 percent in the third quarter as claims from Hurricane Irma eroded the Florida carrier’s underwriting profits.

Iulia Ciutina, 09 November 2017
Third Point Re chairman Berger will leave next month

Third Point Re announced John Berger will step down as chairman next month with former White Mountains CEO Steve Fass stepping in on an interim basis.

David Bull, 09 November 2017
Maiden loss misses Street estimates on AmTrust charges

Maiden missed analyst projections for a relatively small third quarter loss, posting a deficit that came to $0.66 a share for the period driven by a reserve charge tied to its reinsurance of AmTrust.

Ted Bunker, 09 November 2017
National General tops Street view despite cat losses

National General surged past Wall Street estimates with a third quarter profit of $0.24 a share even as its combined ratio weakened due to hurricane losses.

Ted Bunker, 09 November 2017
NFIP reform bill blocked from reaching House vote

Proposed reforms to the National Flood Insurance Program ran into a snag late yesterday after a final committee hearing in the House of Representatives was put off indefinitely.

Ted Bunker, 09 November 2017
NFIP reform bill blocked from reaching House vote

Proposed reforms to the National Flood Insurance Program ran into a snag late yesterday after a final committee hearing in the House of Representatives was put off indefinitely.

Ted Bunker, 09 November 2017
Broker fees at risk in FCA probe: Credit Suisse

Regulatory scrutiny of the fees brokers receive from carriers could be the most problematic aspect of a three-part Financial Conduct Authority (FCA) probe into the London wholesale insurance broking market, according to Credit Suisse analysts

Laura Board, 08 November 2017

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