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National Security projects up to $4.5mn in Matthew loss claims

Regional insurer National Security Group expects losses from Hurricane Matthew to be in the range of $3.5mn to $4.5mn from clients in Georgia and South Carolina, the Elba, Alabama-based company said late Wednesday.

Ted Bunker, 21 October 2016
Matthew losses could be as low as $2.5bn: RMS

RMS has told its clients that it estimates US losses from Hurricane Matthew will be in the range $1.5bn-$5.0bn, with $1.0bn-$3.0bn of further insured claims in the Caribbean, The Insurance Insider can reveal.

Adam McNestrie, 20 October 2016
RLI shares plunge 12% after Q3 miss

Shares in RLI closed down 12 percent today in New York as investors reacted nervously to a third quarter earnings miss and the company's first reserve deterioration in more than a decade.

David Bull, 20 October 2016
Disruptive forces redefining the role of insurance

Victoria Carter, vice chairman of international operations at Guy Carpenter, discusses the dangers and opportunities that disruption may bring to the (re)insurance industry

Victoria Carter, 20 October 2016
From public to private

Nick Frankland, CEO, EMEA, Guy Carpenter, on the challenge of closing the gap between insured and total economic losses

Nick Frankl, 20 October 2016
Travelers operating income slumps in Q3

Travelers' operating income fell by a quarter in the three months to 30 September as a higher loss ratio and a $225mn asbestos charge caused pain and US P&C commercial price rises continued to slow

Charlie Thomas, 20 October 2016
Hampden to launch quota share syndicate Verto

Hampden and Asta have secured in-principle approval from Lloyd's to launch a Names-backed quota share syndicate at 1 January

Adam McNestrie, 20 October 2016
Gen Re to enter Indian market

Berkshire Hathaway subsidiary GenRe is likely to receive approval to establish an onshore operation in India which should be up in running next spring, according to CNBC.

Adam McNestrie, 20 October 2016
RLI misses on first prior-year reserve hit in a decade

RLI opened the third quarter US P&C reporting season with an earnings miss, as profits were hit by a first prior-year reserve deterioration in more than a decade at the specialty insurer.

David Bull, 20 October 2016
Hinz resurfaces at Swiss Re

Former head of underwriting and operations for Tokio Millennium Re Michael Hinz has resurfaced as head of casualty treaty for northeastern Europe at Swiss Re.

Dan Ascher, 20 October 2016

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