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Markel falls to $328.1mn loss as cats erase gains

Markel posted a $328.1mn third-quarter operating loss as the (re)insurer’s combined ratio surged to 134 percent as pre-announced catastrophe losses of $503mn devoured the carrier’s profits.

Ted Bunker, 25 October 2017
Government-run workers’ comp bill dies in Illinois

Illinois lawmakers failed to override a veto that blocked a measure to create a state-run workers’ compensation insurer to compete with private carriers in the state.

Ted Bunker, 25 October 2017
Opinion: Outside the box

The winds of hurricanes Harvey, Irma and Maria have propelled 2017 into being one of the reinsurance market's most expensive years for catastrophe losses ever

Fiona Robertson, 25 October 2017
Credit Suisse launches ILS legacy funds

Credit Suisse has launched two new legacy ILS vehicles for which it has already raised more than $270mn, regulatory filings show

Sofia Geraghty, 25 October 2017
Baden-Baden 2017 Day 2

Welcome to the second of our daily editions from the 2017 Baden-Baden Reinsurance Symposium.

Insurance Insider team, 25 October 2017
Arch misses with $107mn loss in Q3

Arch Capital missed analyst expectations for the third quarter - posting a larger-than-expected $107.1mn after-tax operating loss - despite forecast catastrophe claims that fell within the expected range.

Dan Ascher, 25 October 2017
Ex-Aspen Insurance COO joins Volante

Ann Haugh, former chief operating officer of Aspen Insurance, has joined Volante Global, the MGA start-up led by ex-Dual CEO Talbir Bains, The Insurance Insider can reveal

Adam McNestrie, 25 October 2017
Reinsurers begin fight for rate rises in Baden-Baden

Reinsurance buyers at Baden-Baden have conceded that they will not be able to achieve European property cat rate reductions at 1 January

Catrin Shi, 25 October 2017
Cybersecurity regulation model adopted by NAIC

Insurers across the US may soon be obliged to obey data security rules similar to those imposed on carriers operating in New York earlier this year.

Ted Bunker, 25 October 2017
GIC Re slips in BSE trading debut

India's GIC Re’s shares sank in their first day of trading on the Bombay Stock Exchange (BSE), falling 4.5 percent in Mumbai.

Ted Bunker, 25 October 2017

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