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  • The reaction of the stock market to some of the first batch of reporting companies in the US and Bermuda P&C industry has led one industry analyst to lower his expectations for the sector.
  • Higher than expected US weather losses from cat and non-cat events have been a key factor behind some of the larger P&C carriers missing Wall Street earnings forecasts.
  • With further evidence of a slowdown in US commercial insurance rate rises in Q2, management of early reporting carriers have sought to show rate movements in a broader context following multiple quarters of compounding price increases.
  • Lancashire expects to have an additional $160mn of limit to deploy through its Kinesis sidecar in the 1 January 2015 renewals compared to the amount it had in January 2014, the firm said after its Q2 results were released last week.
  • Nephila Capital has signed a partnership with State National Companies that will provide the fund manager with $400mn of premium capacity for 2015 and 2016, sister publication Trading Risk reported last week.
  • After 18 months of heavy rate reductions, property cat pricing cannot fall much further, according to Validus CEO Ed Noonan.
  • Lancashire's founding CEO Richard Brindle has sold out of the company completely and will be free to return to the market as soon as 2 January 2015, Lancashire confirmed to The Insurance Insider last week.
  • The London Market Group (LMG) today (28 July) unveiled a new initiative to allow brokers to access the Lloyd's market more easily by ensuring that the Acord standardised messages used outside the market will now be acceptable in London.
  • The aviation market has suffered another two losses in the space of a week since the shooting down of Malaysia Airlines flight MH17 over Ukraine on 17 July.
  • Allianz leads the Malaysia Airlines all-risk programme that will pick up the liability loss from flight MH17, but the biggest lines belong to La Réunion Aérienne (LAR) and AIG, The Insurance Insider can reveal.