Claims and losses

Mercury Casualty's ratings have been cut from A+ to A, a move which reflects the company's significant market concentration in California.

Former Euler Hermes underwriter Talbot joins the French mutual

The recommendation follows a 6.6 percent increase that was approved for this year.

The November wildfires alone are expected to cost anywhere from $15bn to $19bn.

Firm retro market in prospect ahead of 1.1 as deployable ILS capital narrows.

Insurers of all sizes have been hit with claims from the record breaking Camp and Woolsey wildfires.

With (re)insurers once again facing record California wildfire claims, the question now is this: what is the balance between recouping their losses and ensuring they don't jeopardise their clients' futures?

Losses from Hurricane Michael have trended at the top of loss estimates.

The ILS manager initially forecast at most a 15 percent loss to its 2017 portfolio, but this has now fallen to 57.1 percent.

The carrier said gross losses already totalled about $150mn.

The ordinary stock loses more than 40 percent of its value on news of investigations in Bermuda and the US and worsening 2017 loss creep.

The US Senate is expected to pass a bill from the House of Representatives through.