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Marine and cargo markets wait on Hanjin insolvency

A lack of clarity around Hanjin Shipping's imminent insolvency has left the marine and cargo markets unsure which, if any, market will pick up resultant insured losses

Charlie Thomas, 13 October 2016
Reinsurers pay out as Bahamas eyes $400mn Matthew loss

Insured losses from damage caused by Hurricane Matthew could exceed $400mn, according to the Bahamas Insurance Association (BIA) - well below estimates from international sources and modelling firms.

Adam McNestrie, 13 October 2016
Swiss Re forms Brazilian large corporate insurance JV

Swiss Re Corporate Solutions has agreed to form a joint venture with Bradesco Seguros, the insurance arm of Bradesco Group, ending months of speculation about a deal between the two firms.

Marcus Alcock, 13 October 2016
Munich Re in tie-up with German InsurTech firm

Munich Re has agreed a partnership with Simplesurance, a Berlin-based company that develops and distributes cross-selling software

Winifred Okocha, 13 October 2016
Industry set to dodge $2.3bn Samsung phone loss

Samsung has no product recall policy in place for the exploding batteries in its Galaxy Note 7 phones, which look set to cost the mobile phone manufacturer $2.3bn, The Insurance Insider understands

Charlie Thomas, 13 October 2016
Robertson Taylor and Lloyd’s settle with Foo Fighters

Entertainment insurance broker Robertson Taylor and Lloyd's insurers including Liberty Specialty have settled a lawsuit with rock band the Foo Fighters for an undisclosed sum, court documents show

Adam McNestrie, 13 October 2016
CCRIF to make $8mn rainfall payout

Haiti, Barbados, Saint Lucia and St Vincent and the Grenadines are set to receive a total of $8mn in additional payouts from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) after Hurricane Matthew triggered their excess rainfall policies

13 October 2016
All-Asia rules could accelerate industry growth: Lloyd’s

Asian nations can speed insurance industry growth by harmonising regulation across borders, Kent Chaplin, CEO of Lloyd's Asia Pacific, told a gathering of industry leaders in Macau yesterday (12 October)

Charlie Thomas, 13 October 2016
Matthew insured losses could hit $8.8bn: AIR

Modelling firm AIR Worldwide has estimated combined insured losses for the US and Caribbean from Hurricane Matthew will be between $2.8bn and $8.8bn.

Winifred Okocha, 13 October 2016
Bermuda braces for date with Hurricane Nicole

Hurricane Nicole will make a direct hit on Bermuda by midday Thursday, forecasters at the US National Hurricane Center said today.

Ted Bunker, 13 October 2016

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