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Axis unveils $550mn preference share offering

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Matthew Neill, 01 November 2016
Matthew could have been $38bn event: Noonan

Hurricane Matthew could have shocked the retro market and corrected US property cat pricing if it had tracked just 30 miles further west, Validus CEO Ed Noonan has said.

Adam McNestrie, 01 November 2016
Hurricane Matthew top-end loss estimates hit $1bn

An aggregate of maximum loss estimates from Hurricane Matthew has already surpassed the $1bn mark after a number of US and Bermudian carriers disclosed their loss forecasts during third quarter results.

Catrin Shi, 01 November 2016
Brokers report organic growth rise in Q3

Aon, Brown & Brown and AJ Gallagher (AJG) delivered improved year-on-year results in the third quarter, while Marsh & McLennan Companies (MMC) produced figures in line with its performance in the same period of 2015.

Iulia Ciutina, 01 November 2016
Major US insurers’ returns weaken in third quarter

The third quarter brought diminishing returns, rising combined ratios and slowing reserve releases for the major US insurers reporting at the outset of the results season.

Iulia Ciutina, 01 November 2016
News digest

Canterbury claims; Third Point investments; Markel buys marine PI MGA; Blenheim reunites Cathedral team; AmTrust buys workers' comp specialist; Flood Re CEO departs; Bell to lead AIG aviation; Willis management overhaul

01 November 2016
Frankland hire continues talent war

The departure of Guy Carpenter Emea CEO Nick Frankland to Aon Benfield has placed the spotlight firmly on reinsurance brokers' continued efforts to lure senior talent away from their competitors.

Matthew Neill, 01 November 2016
US commercial P&C rate declines slow: CIAB

There was a modest easing of US commercial P&C rating pressure in the third quarter, according to the latest survey conducted by the Council of Insurance Agents & Brokers (CIAB).

Dan Ascher, 01 November 2016
Commercial auto a ‘black eye’: CNA

US commercial auto business is still a "black eye" for the insurance industry, despite rising rates, CNA Financial CEO Thomas Motamed has said.

Catrin Shi, 01 November 2016
RLI share plunge highlights investor reserving focus

Shares in RLI, which opened the third quarter US P&C reporting season with an earnings miss, fell to their lowest level in more than a year last week as investors focused on unfavourable reserve developments and analysts cut their profit estimates for the carrier.

Iulia Ciutina, 01 November 2016

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