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Reinsurers eye long-awaited casualty improvement
After years of deteriorating underwriting conditions in US casualty reinsurance, there is cautious optimism among reinsurers that predicted post-loss hardening in property lines will instigate a slow turn in third party business.
David Bull
,
17 October 2017
Patriot National gains further filing leeway
Insurance services provider Patriot National has gained another five months to file delayed results with the Securities and Exchange Commission (SEC) while continuing to trade on the New York Stock Exchange.
Bernard Goyder
,
17 October 2017
Adjuster crunch adds to HIM woes
An escalating loss adjuster shortage following the wave of recent catastrophes is further inflating claims costs and adding to post-event loss amplification.
David Bull
,
17 October 2017
BP Marsh earnings surge on disposal gains
Pre-tax profits at listed insurance-sector investor BP Marsh more than doubled to £11.9mn ($15.8mn) in the six months to 31 July after gains from asset sales.
Bernard Goyder
,
17 October 2017
Opinion: Property D&F at 1.1
These Mexican losses are just the tip of the iceberg for the London direct and facultative (D&F) market.
Catrin Shi
,
17 October 2017
Wallace and Anderson return with PE-backed broker
Two well-known figures in the trade credit insurance market have made a return to EC3 after lining up private equity funding to build a wholesale and specialty broker.
Bernard Goyder
,
17 October 2017
Property cat to lead reinsurance market turn at 1.1
As reinsurers continue to put out provisional loss estimates for Q3 cats, there is a growing recognition that 1 January will bring about a hardening in the US property treaty sector that could spread to other lines.
David Bull
,
17 October 2017
Higher rates may persuade ILS investors to stay
Insurance-linked securities (ILS) investors contemplating leaving the sector because of low rates may be enticed to stay by the price increases expected following the recent hurricanes, according to Todor Todorov, head of ILS research at Willis Towers Watson.
Lucy Jones
,
17 October 2017
Funds must provide more information to cedants: Schultz
Insurance-linked securities (ILS) managers must enter into dialogue with cedants to build confidence following the recent hurricanes, said Paul Schultz, CEO of Aon Securities, speaking at the Trading Risk New York Rendez-Vous last week.
Lucy Jones
,
17 October 2017
Q3 loss preannouncements by company
A look-up table of all the Q3 loss announcements so far by company
Iulia Ciutina
,
17 October 2017
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