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Cat writers confident Sandy will halt price slide at 1.1
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.
05 November 2012
Another average year
In this sector we instinctively know that things always revert to the mean in the long run.
05 November 2012
Sandy could cost $30bn-$50bn: Plumeri
Insured losses from Superstorm Sandy could reach as much as $50bn, according to Willis chairman and CEO Joe Plumeri.
05 November 2012
Hiscox top line rises 6% as it heralds US rate rises
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
05 November 2012
Berkshire Hathaway misses Wall Street beat as underwriting gain drops
Berkshire Hathaway came in below Wall Street earnings expectations as it booked third quarter operating earnings of $3.4bn, or $2,057 a share.
03 November 2012
US/Bermudian P&C stocks trade down as Sandy fears grow
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.
02 November 2012
Quinn sentenced to 9 weeks in jail, pending appeal
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)
02 November 2012
Admiral falls 5% on growth fears
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
02 November 2012
BP Marsh raises Besso stake as chairman Wade steps down
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
02 November 2012
P&C results lift The Hartford
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
02 November 2012
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