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Lloyd’s platform steers Navigators to earnings beat
The Navigators Group again cited strong performance from its Lloyd’s platform as it booked operating profits of $0.69 a share that came in ahead of analysts’ consensus of $0.66 a share.
02 November 2012
Arch earns praise with Wall Street beat
Arch Capital was among the majority of P&C (re)insurers to beat Wall Street forecasts on Q3 earnings as profits were boosted by benign cats in the period and continued reserve releases.
02 November 2012
RenaissanceRe warns of ‘significant’ Sandy impact on its financials
Specialist cat reinsurer RenaissanceRe has warned that it expects the net impact of hurricane Sandy on its financial results to be “significant”.
02 November 2012
AIG beats despite 105% P&C combined ratio
American International Group (AIG) beat Wall Street forecasts on operating profits, but was unable to report a sub-100 combined ratio in its property casualty insurance division as cat losses and a prior-year reserve charge dented solid underlying underwriting performance.
02 November 2012
Besso chairman Wade steps down
Michael Wade has sold his significant minority stake in Besso and is poised to step down as chairman of the independent Lloyd’s broker, The Insurance Insider can reveal
01 November 2012
Eqecat doubles Sandy industry estimate to $10bn-$20bn
The P&C industry once again faces the spectre of "unmodelled losses" after cat modeller Eqecat said it now expects insured losses of $10bn-$20bn from Superstorm Sandy
01 November 2012
First Libor test case against Barclays set for UK trial
Barclays will be the first bank to be taken to court in the UK for Libor rate manipulation after a UK High Court judge found in favour of a care home operator and allowed the damages claim trial to proceed.
01 November 2012
More states order insurers not to impose hurricane deductibles
New York and New Jersey insurance regulators have followed Connecticut in warning that insurers will not be able to impose homeowners' hurricane deductibles when processing claims from Superstorm Sandy
01 November 2012
Hiscox floats $20bn industry loss as agencies play down Sandy
London market insurer Hiscox has told analysts that the insurance industry could face losses of up to $20bn from Hurricane Sandy
01 November 2012
Ex-Omega exec Reed to take helm at Scor corporate member
David Reed, the former managing director of Omega's managing agent, will become CEO of Scor's Lloyd's corporate member at the start of 2013, The Insurance Insider can reveal
01 November 2012
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