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US commercial P&C rates down 3.9% in Q2: CIAB

Softening of US commercial P&C rates accelerated in the second quarter as carriers aggressively priced renewals to prevent them being taken to market, according to the latest survey results from the Council of Insurance Agents & Brokers (CIAB).

David Bull, 05 August 2016
July US storms to cost insurers $1bn: Impact Forecasting

Six separate outbreaks of severe storms and flash flooding in the US in July could cost insurers in the region of $1bn, according to the latest report from Aon Benfield's Impact Forecasting.

Catrin Shi, 04 August 2016
Hannover Re: Property cat has hit pricing floor

Pricing in the global property catastrophe reinsurance market has "bottomed out" as carriers are reaching a point where they can no longer meet return hurdles, according to Hannover Re CFO Roland Vogel

Catrin Shi, 04 August 2016
Norwegian Hull Club and GIC Re join IUA

The Norwegian Hull Club and General Insurance Corporation of India (GIC Re) have become the two newest members of the International Underwriting Association (IUA), taking the number of member firms to 49.

Winifred Okocha, 04 August 2016
JLT Re hires Woolstenhulme

JLT Re has appointed Micah Woolstenhulme in a new role as head of risk and economic advisory, it announced yesterday

Winifred Okocha, 04 August 2016
CIRC urges Chinese carriers to assess risk controls

The China Insurance Regulatory Commission (CIRC) has asked insurance companies in the country to examine their risks and strengthen risk controls amid growing concerns about their investments, according to local media reports.

Winifred Okocha, 04 August 2016
Liberty Mutual falls to Q2 underwriting loss

Liberty Mutual has posted a second consecutive Q2 underwriting loss with a 101.4 percent combined ratio, although the result marked a 1.2 percentage point improvement on the same quarter of last year

Charlie Thomas, 04 August 2016
Endurance attaches first retro layer

Endurance has attached its first layer of aggregate non-peak loss retro, said senior vice president of investor relations Gregg Schroeder on the carrier's second quarter conference call on Monday (1 August)

04 August 2016
Alberta wildfires dent profit forecast for TMK

Tokio Marine Kiln (TMK) has revealed that losses from the Alberta wildfires in May this year have caused it to lower its profit forecast for the 2015 year of account at its flagship Lloyd's syndicate.

Charlie Thomas, 04 August 2016
Hannover Re shares down 8% on Q2 miss

Shares in Hannover Re fell more than 8 percent this morning (4 August) following the publication of second quarter results that missed the analyst consensus by 12 percent

Catrin Shi, 04 August 2016

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