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RenRe pegs net hurricane and earthquake loss at $625mn

RenaissanceRe warned that net losses from a trio of Atlantic hurricanes as well as a duo of earthquakes that rocked Mexico are likely to total around $625mn.

Dan Ascher, 04 October 2017
WR Berkley expects hurricane losses of under $110mn

Specialty insurer WR Berkley expects to report less than $110mn in pre-tax catastrophe losses, net of reinsurance recoveries and reinstatement costs, stemming from Hurricanes Harvey, Irma and Maria as well as the two major earthquakes in Mexico during the third quarter.

Ted Bunker, 04 October 2017
Third Point Re posts sub-$10mn cat loss and 14% return

Total return reinsurer Third Point Re notified investors today that its net losses from recent catastrophes would amount to less than $10mn, while adding that its year-to-date investment results reached 14.4 percent.

Ted Bunker, 04 October 2017
White House asks Congress for $16bn NFIP bailout

The National Flood Insurance Program would get a $16bn infusion of credit under a new disaster relief financing proposal White House budget director Mick Mulvaney sent to Congress late today.

Ted Bunker, 04 October 2017
Hamblin warns on Harvey flood exposure

Texan flood losses coming into the London market following Hurricane Harvey could be far greater than initially thought, Blenheim Syndicate 5886 active underwriter John Hamblin has warned

Catrin Shi, 04 October 2017
SPG buys all-female professional liability MGA

Hub International-owned specialty broker binding authority and managing general agent Specialty Program Group (SPG) has acquired professional and management liability underwriter Capitol Special Risks (CSR).

Dan Ascher, 04 October 2017
Nagico chairman ‘200% confident’ in reinsurance

Caribbean insurer Nagico has more than enough reinsurance in place to cover its losses from hurricanes Irma and Maria, its chairman has said

Adam McNestrie, 04 October 2017
Spurs owner sets up trade credit broker

Joe Lewis, the owner of Tottenham Hotspur Football Club, has entered the trade credit and surety market with a broking venture, amid a flurry of activity in the sector.

Bernard Goyder, 04 October 2017
Zurich says maximum H2 Farmers cat hit $20mn

Zurich has said its maximum exposure to the catastrophe losses of Farmers Insurance in the second half is capped at $20mn

Laura Board, 04 October 2017
Market modernisation progress ‘lumpy’: Carnegie-Brown

Progress to modernise the London market has been "lumpy" to date because the market lacks the self-confidence to drive through change, Lloyd's chairman Bruce Carnegie-Brown has said.

Catrin Shi, 04 October 2017

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