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Travelers misses consensus as weather losses bite

US bellwether carrier Travelers undershot analyst predictions in the second quarter as operating profit per share dropped to $1.92 against consensus expectations of $2.11

Matthew Neill, 20 July 2017
World Bank to support UK-led disaster insurance scheme

The UK and German governments have brought in the World Bank to support efforts to introduce parametric catastrophe insurance to developing countries

Bernard Goyder, 20 July 2017
Expense must be tackled to close protection gap: Reardon

The (re)insurance industry cannot burden emerging markets with its endemic expense problem if it is to effectively close the protection gap, said Hamilton Re CEO Kathleen Reardon

Catrin Shi, 20 July 2017
Munich Re re-enters Iran with life deal: report

Munich Re has struck a deal to cover the life insurance book of Iranian carrier Saman Insurance as the company seeks to re-establish a presence in the country following the end of sanctions last year

Matthew Neill, 20 July 2017
Castel adds construction to specialty division

MGA incubator Castel Underwriting Agencies has expanded the capabilities of its specialty division with the hire of construction specialist Peter Wallace

Catrin Shi, 20 July 2017
Opinion: Wopnin Bermy?

The resounding general election victory this week of Bermuda's Progressive Labour Party (PLP) over the centre-right One Bermuda Alliance (OBA) has racked up an impressive number of column inches

Charlie Thomas, 20 July 2017
InsurTech funding rebounds to $985mn in Q2: WTW

Funding for InsurTech start-ups rose by 148 percent in the second quarter to $985mn, according to a new report by Willis Re and Willis Towers Watson Securities.

Matthew Neill, 20 July 2017
Donegal cites $20mn cat bite in dropping to a Q2 loss

Personal lines and commercial carrier Donegal Group swung to a second-quarter loss as severe weather took a $20.1mn bite out of operating earnings, almost double the five-year average for the period.

Ted Bunker, 20 July 2017
RLI beats despite flat profit on weaker gross premiums

Specialty carrier RLI outperformed the expectations of Wall Street analysts despite flat second-quarter profits, dwindling premium volume and a combined ratio that crept higher.

Dan Ascher, 20 July 2017
Chubb forms large-scale NA commercial auto group

Chubb has launched a commercial auto group to serve companies with fleets of more than 500 vehicles in the US and Canada, the insurer said today.

Dan Ascher, 20 July 2017

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