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Q1 combined ratios rise in Bermuda
The first quarter underwriting result worsened for Bermudian carriers in 2017 compared to the prior-year period, as elevated attritional losses together with Ogden charges and higher cat losses pressured margins.
Iulia Ciutina
,
09 May 2017
Insider 50 hits record level
The Insider 50 increased for the second consecutive week, climbing 1.6 percent week-on-week to 1,070.2 index points - the highest level in the index's history and 3.6 percent up for the year-to-date
Iulia Ciutina
,
09 May 2017
Bermudian top line growth slows in first quarter
Gross written premium (GWP) growth at Bermudian carriers slowed significantly in the first quarter by 24.6 percentage points year-on-year to 4.3 percent as reinsurance growth stalled.
Bernard Goyder
,
09 May 2017
News digest
Berkshire profits drop; Aston Scott among Lark bidders; Athene bids for F&G; AIG beats despite commercial underwriting loss; Stubbs leaves Acappella; Debbie hits Swiss Re Q1; RSA £40mn Ogden hit; ERS active underwriter leaves; Next Insurance raises $29mn
09 May 2017
Macron purchased cover against first round meltdown
Newly elected French president Emmanuel Macron purchased a financial indemnity policy from Allianz against a first-round disaster scenario of failing to capture more than 5 percent of the vote, according to leaked documents.
Matthew Neill
,
09 May 2017
Swiss Re ‘comfortable’ with AIG reserves
Swiss Re CFO David Cole has stressed that the reinsurer is comfortable with its reserving position after AIG reported a $5.6bn casualty-linked reserve charge in its Q4 results.
Catrin Shi
,
09 May 2017
Insider View: White Mountains’ cash pile
What do you do with $3bn of cash if assets are overpriced and you know the true value of money?
Adam McNestrie
,
09 May 2017
Work beckons for Intact with OneBeacon acquisition
With the $1.7bn purchase of White Mountains' specialty insurer OneBeacon, Canada's Intact is returning to big-ticket M&A after a string of small domestic broker purchases.
Laura Board
,
09 May 2017
London failing to fulfil its potential: BCG
The London insurance market must compete better with its rivals if it is to avoid becoming a "profitable irrelevance", according to Paul Clark, the BCG partner behind the updated London Matters report.
Bernard Goyder
,
09 May 2017
RenRe books Mozambique exposure
The Bermudian reinsurer RenaissanceRe has reserved for the impact of potential credit losses in Mozambique, RenRe CEO Kevin O'Donnell said on an earnings call with analysts.
Bernard Goyder
,
09 May 2017
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