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Senior roles go as XL Catlin restructures leadership
XL Catlin's revamp of its P&C operations will see around 50 staff leave, including a number of senior executives, The Insurance Insider understands.
Catrin Shi
,
01 November 2016
AIG to drop energy QS at 1 January
AIG has surprised the market by indicating that it will drop its major energy quota share reinsurance deal, one of the biggest treaties in the space, at 1 January.
Adam McNestrie
,
01 November 2016
Of Mice and Men
One of the differences between great companies and not-so-great ones is that the former always keep costs under control, while at lesser firms expenses are rarely properly managed, and can often come under severe pressure.
Mark Geoghegan
,
01 November 2016
Turkish cat pool gets 10%+ rate reduction
The Turkish Catastrophe Insurance Pool (TCIP) was able to secure rate reductions of just over 10 percent on a risk-adjusted basis as it consolidated layers on its core cat treaty, The Insurance Insider can reveal.
David Bull
,
01 November 2016
P&C pressure moves rates nearer inflection point
After enjoying its best three-year stretch of combined ratios since the early 1970s, there are early signs that the US P&C industry is heading towards a change as underwriting deteriorates and returns on equity (RoEs) trend down towards unsustainable levels.
David Bull
,
01 November 2016
Chinese insurer profits fall 35% on investments
Weaker investment returns prompted by continued low interest rates and market volatility has caused Chinese insurers' profits to fall 35.7 percent to 156.96bn yuan ($23.2bn) year to date.
Matthew Neill
,
01 November 2016
Markel International buys marine PI MGA
Markel International has entered the marine professional indemnity (PI) market with the acquisition of MGA Galleon, it announced today.
Catrin Shi
,
01 November 2016
Third Point investments sour in October
Third Point Re's investment management arm Third Point LLC has reported a negative investment return of 1.1 percent for October.
Matthew Neill
,
01 November 2016
Canterbury earthquake claims hit NZ$19bn
Paid claims for commercial and residential losses stemming from the Canterbury earthquakes in New Zealand in 2010 and 2011 have reached NZ$19bn ($13.6bn), according to the Insurance Council of New Zealand (ICNZ)
Matthew Neill
,
01 November 2016
Matthew claims climb in Florida
Claims tied to Hurricane Matthew, which brushed Florida almost a month ago, mounted again in the past week, Florida regulators reported today, placing the total value at $606mn as of late Friday (28 October).
Ted Bunker
,
01 November 2016
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