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Matthew passes by with limited impact

As loss estimates for Hurricane Matthew continue to be revised down, it is becoming increasingly clear the storm's impact will amount to little more than a manageable dent in Q3 earnings for (re)insurers.

Catrin Shi, 18 October 2016
Manchester Underwriting brings in bank for capital raise

Managing general agency (MGA)-cum-broker Manchester Underwriting Management has appointed an investment banker to assist in a capital raise of roughly £5mn ($6mn), The Insurance Insider can reveal.

Adam McNestrie, 18 October 2016
Nine Merchants Re the latest Chinese reinsurer

Nine Merchants Re, a $500mn start-up led by former Aon Benfield Greater China CEO Steve Warwick, has become the latest in a wave of Chinese reinsurance start-ups.

Charlie Thomas, 18 October 2016
Arch hires Maries to advance legacy vehicle

Investment banker Scott Maries is to join Arch to work on its run-off vehicle, The Insurance Insider has learned.

Catrin Shi, 18 October 2016
National Lloyds put up for sale

Homeowners' specialist National Lloyds Insurance Company has been put up for sale by its New York-listed parent Hilltop Holdings, The Insurance Insider can reveal.

Dan Ascher, 18 October 2016
Hurricane III

Ever walk out of the movie theatre feeling short-changed?

Mark Geoghegan, 18 October 2016
Typhoon Sarika makes landfall as Category 3 storm

Typhoon Sarika struck the Philippines on 16 October as a Category 3 storm, according to catastrophe modelling firm AIR Worldwide.

Catrin Shi, 18 October 2016
Insurers on watch for BASF chemical plant loss

Two people have died and several are missing following an explosion at a major chemical plant belonging to German industrial manufacturer BASF yesterday

Catrin Shi, 18 October 2016
Irdai shelves mandatory listing plans

The Insurance Regulatory and Development Authority of India (Irdai) has rolled back on plans to force insurance companies to list their shares on the stock market.

Charlie Thomas, 18 October 2016
Matthew claims rise in Florida but remain manageable

Claims totaling $454mn from Hurricane Matthew's glancing blow to Florida's east coast have been recorded by state authorities, according to a running tally posted by regulators.

Ted Bunker, 18 October 2016

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