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Sompo Canopius moves to address headcount

Lloyd's (re)insurer Sompo Canopius has told staff that the next stage of its efficiency programme will involve a meaningful reduction in headcount, The Insurance Insider can reveal.

Adam McNestrie, 04 March 2016
Perils revises Desmond flood loss estimate to £662mn

Industry reporting agency Perils has announced its second loss estimate for the floods stemming from Storm Desmond, reducing its prediction from £717mn ($1bn) to £662mn.

Matthew Neill, 04 March 2016
Xchanging records flat profits as CSC bid nears finishing line

Insurance outsourcing and software firm Xchanging saw its adjusted operating profit nudge down from £55.8mn to £54.6mn for the full-year 2015.

Charlie Thomas, 04 March 2016
HCI Group Q4 profits fall 22%

Florida's HCI Group reported a 22 percent decline in fourth quarter profits to $11.1mn as underwriting results deteriorated despite top line growth.

David Bull, 04 March 2016
Heritage shares slide 11.9% after Q1 weather losses announced

Shares in Heritage Insurance Holdings slumped 11.9 percent in trading today (3 March) after the Florida homeowners' insurer warned that early 2016 weather events will likely increase its Q1 loss ratio by up to 8 points.

David Bull, 04 March 2016
Flood bill progresses in US House of Representatives

The US House Financial Services Committee passed a flood insurance bill that could open up the private flood insurance market yesterday (3 March).

Winifred Okocha, 04 March 2016
Hedge fund re disclosures address US tax issues

Hedge fund reinsurer Third Point Re has said it remains unclear whether the introduction of a methodology in proposed US tax regulations would have any tangible effect on the company.

Winifred Okocha, 03 March 2016
Insurers face major tech disruption: Capgemini

Insurers are set to face a raft of disruptions ranging from shifting customer expectations to the rise of financial technology (fintech) in the near future, according to a report from tech consultant Capgemini and financial services think tank Efma.

Matthew Neill, 03 March 2016
Florida senate committee passes insurance reform bill

A package of property insurance reforms aimed at fixing the so-called assignment of benefits (AOB) problem has successfully passed through the Florida senate committee this week.

Winifred Okocha, 03 March 2016
ACR A- rating affirmed by S&P

Rating agency Standard and Poor's (S&P) has reaffirmed its A- rating for Asia Capital Re (ACR), it announced today (3 March).

Matthew Neill, 03 March 2016

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