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  • There is growing confidence among reinsurers that the impact of Superstorm Sandy will return upwards pressure to the dynamics of property cat pricing ahead of the key 1 January renewals.
  • In this sector we instinctively know that things always revert to the mean in the long run.
  • Insured losses from Superstorm Sandy could reach as much as $50bn, according to Willis chairman and CEO Joe Plumeri.
  • Hiscox plc grew its top line 6 percent during the first nine months of 2012 to £1.24bn as it targeted expansion in lines of business where rates are rising, especially US perils
  • Berkshire Hathaway came in below Wall Street earnings expectations as it booked third quarter operating earnings of $3.4bn, or $2,057 a share.
  • US and Bermudian (re)insurance stocks were broadly down in morning trading on the New York Stock Exchange today as investors reacted to worsening Sandy loss expectations.
  • Sean Quinn, the founder of Irish insurer Quinn Insurance, has been sentenced to nine weeks in jail for breaking court orders in a legal wrangle with the Irish Bank Resolution Corporation (IBRC)
  • UK-listed motor insurer Admiral's share price has fallen 5 percent as analysts and investors responded negatively to a brief trading statement that showed slowing revenue growth
  • London-listed UK venture capitalist firm BP Marsh has raised its stake in Besso by 6.71 percent to 36.71 percent, as the London market broker's chairman Michael Wade has stepped down
  • The Hartford reported net income of $401mn for the third quarter, significantly ahead of last year's $60mn, as it lifted underwriting results and forged ahead with plans to sell parts of its life and retirement planning businesses