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Spacecom expects $196mn insurance payout

The marine cargo market is set to pay out $196mn to reimburse Spacecom for a satellite destroyed on the launchpad at Cape Canaveral, Florida, in September

Ted Bunker, 07 November 2016
Bennison joins Tokio Millennium Re board

Richard Bennison, chairman of Tokio Marine Kiln Syndicates and Tokio Marine Kiln Insurance, has joined the board of the company's reinsurance arm Tokio Millennium Re.

Matthew Neill, 07 November 2016
Lloyd’s granted Indian branch approval

Lloyd's will establish an Indian branch in 2017 after securing R1 approval from the Insurance Regulatory and Development Authority of India (Irdai)

Catrin Shi, 07 November 2016
FX gains benefit Hiscox GWP growth

UK-headquartered carrier Hiscox has posted top line growth of 14.3 percent to £1.9bn ($2.38bn) in the first nine months of the year as it benefitted from foreign currency gains.

Matthew Neill, 07 November 2016
Endurance profits double ahead of acquisition

Profits at Endurance more than doubled in the third quarter just a month after the Bermudian agreed to be acquired by big-three Japanese insurer Sompo.

Dan Ascher, 05 November 2016
Berkshire underwriting profits slide 34 percent

Deteriorating performance at auto carrier Geico drove third quarter underwriting profits down by just over a third at Berkshire Hathaway’s insurance operations.

David Bull, 05 November 2016
The Hanover climbs 5% after earnings beat

Shares in The Hanover rose more than 5 percent in New York today following a significant earnings beat that saw profits climb on increased premium.

Dan Ascher, 04 November 2016
Liberty Mutual Q3 profits squeezed by cat losses

Liberty Mutual Holding Company's operating profit dropped 34 percent as catastrophe losses more than tripled and its combined ratio weakened.

David Bull, 04 November 2016
Tiernan named as Aviva UK CFO

Patrick Tiernan, formerly chief operating officer at StarStone, has joined Aviva as CFO of its UK division, it was confirmed today.

Catrin Shi, 04 November 2016
Willis drops 8% as investors punish growth decline

Shares in Willis Towers Watson have plunged almost 7 percent after the firm fell to a net loss of $32mn for the third quarter of 2016, compared to $209mn of net income in the same period of last year

Matthew Neill, 04 November 2016

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