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US storms push global nat cat losses to $50bn over H1: Swiss Re
A total of 10 events caused more than $1bn in losses each.
Jai Singh
,
09 August 2023
Suncorp recovers A$2.17bn, XoL treaty not triggered
In total, nat cat events triggered A$1.26bn of losses for the year, $97mn above the group’s allowance of A$1.16bn.
Abbie Day
,
09 August 2023
Sompo International Q1 commercial P&C UW income dips 7% to $155mn
The combined ratio increased to 92.4%, driven by investment and inflation.
Samuel Casey
,
09 August 2023
Hannover Re P&C re unit posts 90.8% combined ratio for Q2
The carrier’s largest loss in H1 arose from the earthquake in Turkey and Syria, resulting in a EUR257mn charge.
Aisling Finn
,
09 August 2023
Opinion: The challenges of cleaning up the Vesttoo fallout
Prior-year legacy deals and higher reinsurance costs are just some of the issues that brokers, MGAs and other cedants are confronting in clearing up after the debacle over allegations regarding faked letters of credit.
Fiona Robertson
,
09 August 2023
Hiscox surges to $265mn H1 profit as combined ratio falls to 85.7%
The carrier is “leaning into” the hard reinsurance market, while the London market segment has returned to growth.
Samuel Casey
,
09 August 2023
Vesttoo Bermuda P&C entity to be liquidated
As part of a restructuring, Vesttoo is liquidating its collateralised insurer in Bermuda, but continues to operate its branches in New York, London and other territories.
Thorsten Schier
,
09 August 2023
TSR raises North Atlantic hurricane season forecast to above 30-year norm
The company has forecast a more intense season than originally predicted in May.
Samuel Casey
,
08 August 2023
CNA Hardy makes trio of marine hires in Manchester and Glasgow
The underwriters will focus on UK marine cargo and transport and logistics business.
Samuel Casey
,
08 August 2023
MS Amlin posts 94.9% Q1 combined ratio and insurance profit of £53mn
The reduced impact from the war in Ukraine helped the carrier continue a spell of profitable underwriting.
Samuel Casey
,
08 August 2023
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