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Lentaigne swaps Brit for ATI

John Lentaigne, formerly co-head of political and credit risks at Brit, has joined the African Trade Insurance Agency (ATI) as chief underwriting officer.

Matthew Neill, 06 October 2016
Florida property insurers pummelled as Matthew approaches

Investors didn't wait for Hurricane Matthew to arrive before battering the shares of publicly traded Florida property insurers today

Ted Bunker, 06 October 2016
Matthew losses could wipe out a quarter's earnings: JPM

JP Morgan analyst Sarah DeWitt has warned that insurance stocks could lose a whole quarter's earnings if losses from Hurricane Matthew fall between $10bn and $30bn.

Matthew Neill, 06 October 2016
Matthew looks set to hit Florida at Cat 4

(Re)insurers are preparing for the possibility of major losses after the National Hurricane Center (NHC) declared that Hurricane Matthew was expected to strengthen to a Category 4 storm as it headed towards the west coast of Florida

Charlie Thomas, 06 October 2016
Low liability losses spare aviation market in September

Losses in the aviation market were relatively slight in September as a lack of liability claims provided a boost to underwriters, according to JLT.

Matthew Neill, 06 October 2016
Endurance deal puts Sompo on track for top-10 slot

Sompo Holdings' $6.3bn agreement to acquire Bermudian (re)insurer Endurance will help the Japanese carrier to eventually achieve its goal of becoming a top 10 publicly listed carrier, its CFO has said

Dan Ascher, 06 October 2016
Sompo-Endurance deal has $205mn break fee

Sompo Holdings' merger agreement to buy Endurance for $6.3bn includes a break fee of $204.9mn, according to a US Securities and Exchange Commission filing that Endurance released yesterday

Winifred Okocha, 06 October 2016
Endurance boosts Sompo's overseas firepower

Sompo Holdings' $6.3bn takeover of Bermudian carrier Endurance will create a Japanese player that generates more than 30 percent of group income from its international operations

Catrin Shi, 06 October 2016
S&P affirms Sompo ratings

Ratings agency Standard & Poor's (S&P) has affirmed the A+ financial strength and long-term counterparty credit rating of Sompo Holdings' subsidiaries following the acquisition of Endurance

Matthew Neill, 06 October 2016
Syndicate Research downgrades ANV Syndicate

Lloyd's independent research firm Syndicate Research Ltd (SRL) has downgraded its rating of ANV Syndicate 779 to B-^ (Below Average) from B^ (Average) in light of its open year performance and the headwinds to developing a restructured book in the current market

Charlie Thomas, 06 October 2016

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