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US Matthew insured loss up to $5bn: Aon Benfield
Public and private insured losses in the US from Hurricane Matthew could climb as high as $5bn, according to Aon Benfield's catastrophe modelling unit Impact Forecasting.
Matthew Neill
,
09 November 2016
Insurer stocks steady as markets react to Trump win
An overnight plunge in futures fed into early New York trading today as investors reacted to Donald Trump's surprising victory in the US presidential election, with share prices falling for many carriers tracked by the Insider 30
Ted Bunker
,
09 November 2016
Lloyd’s issues statement emphasising support for PPL
The Corporation of Lloyd's has issued a declaration of support for the Placing Platform Limited (PPL).
Charlie Thomas
,
09 November 2016
Jubilee oil field operator expects further BI losses in 2017
The operator of the loss-hit Jubilee oil field has said it expects further business interruption (BI) losses in 2017, as the damaged Kwame Nkrumah floating production, storage and offloading (FPSO) vessel is moored into its permanent position.
Matthew Neill
,
09 November 2016
Motor growth boosts Esure top line
Third quarter gross written premiums (GWP) at UK-listed motor specialist Esure have climbed 15.2 percent year-on-year to £178.6mn ($221.4mn) after being bolstered by growth in its motor book
Matthew Neill
,
09 November 2016
Scor to start writing Indian business in April
Scor expects to start writing onshore business in India as of 1 April 2017 after it received second-round branch approval from the Insurance Regulatory and Development Authority of India
Catrin Shi
,
09 November 2016
Munich Re Q3 profit surges on low cats
Munich Re today posted a 75 percent jump in third quarter group operating profit to EUR1.01bn ($1.11bn), after a low level of cat losses helped double reinsurance profits year-on-year.
Catrin Shi
,
09 November 2016
Indian carrier ITI Re targeting January start
ITI Re, India's first home-grown private sector reinsurer, is looking to launch by January 2017 with 500 crore rupees ($75mn) of capital.
Charlie Thomas
,
09 November 2016
Novae sees higher cat losses as GWP grows
Lloyd's carrier Novae today warned heightened catastrophe activity would influence second half underwriting results as it posted 15.8 percent growth in its top line to £717.4mn ($889.3mn) for the first nine months of the year.
Matthew Neill
,
09 November 2016
Heritage profits sink as Hermine exacts $4mn toll
Profit fell at Heritage Insurance Holdings as hurricane-related losses helped weaken the Florida insurer's third quarter financial performance.
Ted Bunker
,
09 November 2016
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