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Ark launches $60mn contingency consortium
Ark's Syndicate 3902 contingency team has launched a consortium to write large event cancellation risks with capacity of up to $60mn for any one risk
Charlie Thomas
,
07 October 2016
Hurricane Matthew hits Florida as Category 1 storm
Hurricane Matthew has struck a glancing blow to the Florida coast as a Category 1 storm, with its Category 2 and 3 portions remaining offshore, according to data from Tropical Storm Risk.
Catrin Shi
,
07 October 2016
Endurance and Sompo Canopius to merge post-deal
Sompo Canopius will be fully merged with Endurance following parent company Sompo's acquisition of the Bermudian firm, according to Sompo Holdings CEO Kengo Sakurada
Catrin Shi
,
07 October 2016
Haiti to receive $20mn CCRIF payout
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is preparing to pay out just over $20mn to the government of Haiti following the impact of Hurricane Matthew
Matthew Neill
,
07 October 2016
Hurricane Matthew to weaken to Category 3: NHC
The US National Hurricane Center (NHC) has predicted that Hurricane Matthew will weaken to a Category 3 storm as it nears the Floridian coast over the course of today.
Charlie Thomas
,
07 October 2016
Everest Re and RenRe most exposed to Hurricane Matthew
Everest Re and RenaissanceRe are the most exposed carriers to Hurricane Matthew in the Florida reinsurance market, according to equities analysts at Macquarie
Winifred Okocha
,
07 October 2016
AIG PI aggregation case heads to Supreme Court
A landmark professional indemnity (PI) appeal involving AIG will be heard in the UK Supreme Court on 10 October
Charlie Thomas
,
07 October 2016
Wholesale channel not more costly than retail: Conning
In a P&C insurance sector that is seeing significant structural change, there has been much discussion about removing links in the distribution chain and the potential for disintermediation.
David Bull
,
07 October 2016
Auto the exception in E&S buyer’s market: Amwins
Both the property and casualty sectors of the E&S sector remain soft, with a buyer's market everywhere except commercial auto, according to wholesale broker Amwins.
David Bull
,
07 October 2016
Reinsurance support means Florida sell-off ‘overdone’: KBW
Florida property insurers could represent a bargain after investors beat down prices based on forecasts for Hurricane Matthew's 140 mph winds to tear up the state's east coast.
Ted Bunker
,
07 October 2016
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