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Kiln flagship syndicate forecasts turn positive
Lloyd's stalwart Kiln's latest quarterly syndicate forecasts for the 2010 and 2011 years of account have revealed improved profit projections at flagship Syndicate 510.
15 November 2012
RLI estimates $15mn-$20mn Sandy hit; pays $105mn dividend
RLI Corp expects to take a net loss of $15mn-$20mn from Hurricane Sandy, but it was still confident enough to declare a special dividend worth $105mn.
15 November 2012
Zurich shares dip after missing consensus
Zurich Insurance Group's shares have come under selling pressure this morning after third quarter profits fell short of analysts' expectations.
15 November 2012
Amlin: Sandy will limit downward rating pressures
Lloyd's (re)insurer Amlin gave an upbeat trading statement this morning, reporting rate increases across most of its book along with low cat losses for the first nine months of the year and positive commentary on its turnaround European insurer, ACI.
15 November 2012
NFIP expects up to $12bn share of Sandy losses
The National Flood Insurance Program (NFIP) is on course for another bail-out as it becomes engulfed by Sandy claims that could land it with a burden of up to $12bn.
15 November 2012
Moody's puts QBE's A debt rating on review for possible downgrade
Credit ratings agency Moody's has placed the A3 senior debt rating of QBE Insurance Group on review for possible downgrade
14 November 2012
RMS puts Sandy losses at $20bn-$25bn
Modelling agency RMS has told clients it expects industry insured losses from Superstorm Sandy to total $20bn-$25bn, The Insurance Insider has learned.
14 November 2012
O’Donnell promoted to president by RenRe
Bermudian reinsurance group RenaissanceRe has promoted Kevin O'Donnell to the role of president and global chief underwriting officer.
14 November 2012
Solid maiden Q3 from Talanx as acquisitions boost growth
Hannover Re parent Talanx produced a solid maiden set of Q3 results following last month's IPO, posting a combined ratio of 95.4 percent on net earned premium (NEP) that grew 15 percent to EUR5.55bn.
14 November 2012
Still 50% chance of Generali downgrade, says S&P
Standard & Poor's (S&P) is keeping the ratings of Generali on credit watch negative on uncertainty over the outcome of the Italy-based insurer's strategic review and the strength of its balance sheet to withstand risk and volatility in the country.
14 November 2012
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