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Tokio Marine Kiln to kill life syndicate

Tokio Marine Kiln (TMK) has asked Lloyd's for permission to close Syndicate 308, its specialist life insurance business, The Insurance Insider can reveal

Adam McNestrie, 26 October 2017
Nexus acquires trade credit broker

Nexus Group has built out its broking capabilities with the acquisition UK specialist trade credit intermediary Credit Risk Solutions (CRS).

Bernard Goyder, 26 October 2017
Validus exceeds expectations with a $255mn loss

Validus has outperformed the expectations of analysts, reporting a $254.5mn net operating loss in a third quarter that saw the Bermudian sustain $367.3mn of catastrophe losses.

Ted Bunker, 26 October 2017
Perils hikes Italian earthquake loss

Perils increased its industry loss estimate for the central Italian earthquakes that struck last October by two-thirds in its final report on the disasters.

26 October 2017
Guy Carpenter reports 4% underlying revenue growth

Marsh & McLennan Companies' (MMC) reinsurance arm Guy Carpenter reported underlying revenue growth of 4 percent in the third quarter to record total revenues for the period of $270mn

Catrin Shi, 26 October 2017
Munich Re to post Q3 loss after EUR3.2bn in major claims

Munich Re has warned it expects to post a loss of EUR1.4bn ($1.6bn) for the third quarter as a result of EUR3.2bn of major claims for the period.

Catrin Shi, 26 October 2017
Arch in $368mn securitisation of mortgage book

Arch Capital has completed a $368mn reinsurance deal to hand on risk from its mortgage insurance book to capital markets investors

Bernard Goyder, 26 October 2017
Scor falls to EUR364mn Q3 operating loss

Scor reported a group operating loss of EUR364mn ($429mn) for the third quarter, as EUR598mn of pre-tax net Q3 catastrophe losses pushed the reinsurer into the red.

Catrin Shi, 26 October 2017
Mapfre up 6% after EUR176mn Q3 loss disclosure

Shares in Mapfre rose by 6 percent today after it estimated net losses from hurricanes Harvey, Irma and Maria and the Mexican earthquakes at EUR176mn ($207mn).

Catrin Shi, 26 October 2017
Chubb tops Street views even as it falls to a loss

Chubb posted a third quarter operating loss that was significantly better than Wall Street estimates despite $1.893bn in net pre-tax catastrophe losses in the period.

Ted Bunker, 26 October 2017

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