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Trust Re H1 profits fall on large claims

Group profits at Bahrain-headquartered reinsurer Trust Re fell 5.3 percent to $12.5mn for the first half, following a higher frequency of large claims.

Bernard Goyder, 29 August 2017
State Farm leads Texan auto insurers

National insurers dominate the line-up of major auto insurance writers in Texas with State Farm holding the leading market share, according to AM Best data.

Fiona Robertson, 29 August 2017
Primary insurers to bear brunt of Harvey losses: S&P

Insurers, rather than reinsurers, are expected to take the lion's share of losses from Hurricane Harvey, according to the ratings agency Standard & Poor's.

Bernard Goyder, 29 August 2017
Opinion: Harvey and market fundamentals

With Harvey still a developing flood event, and the scale of coastal wind damage far from clear, it is impossible at this stage to give a clear sense of the insured loss quantum

Adam McNestrie, 29 August 2017
Harvey rainfall exceeds $11.9bn storm Allison

Tropical Storm Harvey has already caused more rainfall than Tropical Storm Allison, which flooded Houston in 2001, according to data from the Weather Prediction Center and Aon Benfield's Impact Forecasting report.

Bernard Goyder, 29 August 2017
IGI names Jabsheh UK executive director

International General Insurance (IGI) president Waleed Jabsheh has become the executive director of IGI UK, as the insurer continues to shift its focus away from the Middle East.

Bernard Goyder, 29 August 2017
Axis seeks to secure Novae with increased bid

Axis Capital has attempted to "bring certainty" to its effort to buy Lloyd's insurer Novae by raising its agreed offer by 2.1 percent.

Charlie Thomas, 29 August 2017
Navigators promotes Ryan to specialty casualty chief

Navigators elevated Tim Ryan to president of specialty casualty, giving him responsibility for developing group strategy and managing products offered in the wholesale markets.

Ted Bunker, 29 August 2017
Harvey lingers to drop flooding downpours on Texas

The remnants of Hurricane Harvey lingered over southeastern Texas today and are forecast to remain a soaking force in the region for much of this week, putting the storm on track to break a national record for rainfall from a single event set in 1978.

Ted Bunker, 29 August 2017
Fosun solidifies run off presence with SunPoint launch

Fosun has solidified its presence in the North American and international run-off market with by launching SunPoint led by former Enstar US chief Karl Wall.

Dan Ascher, 29 August 2017

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