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  • Bermudian carriers benefited from another relatively benign quarter for cat losses as well as higher investment yields, which allowed operating returns to rise in spite of the challenging market environment.
  • Top-line expansion slowed down for Bermudian carriers during the third quarter, as both the insurance and reinsurance books registered low single-digit growth.
  • The Insurance Insider's Bermuda composite reported a lower year-on-year combined ratio of 90.1 percent in Q3, the first quarterly improvement in the past year and a half.
  • AIG is ahead of its planned 6 percent general operating expense reduction target for 2016, the insurer's CFO Sid Sankaran told investors last week.
  • The jury is still out on AIG after a third quarter that included a setback in the underwriting performance of its core commercial insurance business, but progress on expense reductions, divestments and capital repatriation.
  • A raft of changes to UK corporate tax law next year are likely to cause substantial disruption to how insurers structure their financial reporting.
  • Next year the London market will be challenged to adopt many of the new technologies, platforms and working practices designed and built centrally by the London Market Group Target Operating Model (Tom) team.
  • Maloney backs Cathedral; Dual CEO to exit; Sompo Canopius UK motor; FCA backs blockchain innovation; Lloyd's India approval; FX gains boost Hiscox; Towergate buy-in; Spacecom $196mn payout; AmTrust completes ANV deal; R&Q Irish solicitors' fund; Berkshire underwriting profits fall…
  • The mass of binding authority business placed into the excess and surplus lines (E&S) market is being targeted by wholesale brokers for consolidation, according to senior industry sources.
  • Talbot Underwriting has launched a Lloyd's consortium for nuclear, biological, chemical and radiological (NBCR) risks up to $50mn as it looks to provide larger lines than those currently available.