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Montpelier Re takes $20mn Q3 cat losses
Montpelier Re reported a third-quarter net profit of $35mn, down by a third from the same period last year due to an increase in loss expenses.
28 October 2014
California med mal vote could impact MPL rates
The passage of a proposition that would increase the cap on pain and suffering damages paid out in Californian medical malpractice claims could trigger a rise in medical professional liability (MPL) rates
27 October 2014
Congress ‘irresponsible’ over Tria inaction: Ace CEO
Ace CEO Evan Greenberg has accused the US Congress of being "irresponsible" due to its indecision over the renewal of the Terrorism Risk Insurance Act (Tria)
27 October 2014
New UK life reporting costs could reach £100mn
UK life insurers could be faced with increased reporting costs of up to £100mn under a blanket common reporting standard (CRS), professional services firm EY warned last week.
27 October 2014
Travelers in dispute with restaurant chain over cyber liability
Travelers has asked a US district court to rule that it is not required to cover a nationwide Chinese restaurant chain against a cyber breach.
27 October 2014
Liddy referred all decisions to US government, trial hears
Former American International Group (AIG) CEO Edward Liddy defended working closely with the US government during testimony at the trial on the insurance group's 2008 federal bailout.
27 October 2014
Kessler: Buyers value long-term capacity
Reinsurance buyers are looking for long-term capacity in a backlash against the alternative market ahead of the 1 January renewals, Scor CEO Denis Kessler told The Insurance Insider.
27 October 2014
Baden-Baden foreshadows tough reinsurance renewals
As reinsurers and buyers gather in Arizona for PCI, the message from their European counterparts in Baden-Baden last week was clear: prepare for tough negotiations and embrace alternative capital.
27 October 2014
E&S market faces soft market headwinds
Despite its recent track record of growing market share against admitted carriers, the US surplus lines sector faces a series of challenges to profitability as it moves through 2014 and into 2015.
27 October 2014
Bellwethers suggest continued US commercial deceleration
With the third quarter reporting season well underway, industry bellwethers have provided further evidence of slowing US commercial P&C pricing momentum, with no signs of easing.
27 October 2014
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