Zurich: $717mn Q3 hit....

Reveals HIM net losses

RLI beats Q3 consensus....

Small profit despite storms

Axis completes Novae takeover....

£478mn deal creates $6bn GWP carrier


Apollo builds Catalina stake...

Takes control of legacy carrier

 

Gallagher building global mining and property capabilities....

Stuart Hill takes role as divisional director

Rates to rise at 1 January...

Reinsurance executives warn delegates at PCI conference

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Data drought hinders European (re)insurers’ cyber response

(Re)insurers need more access to information on cyber-attacks if they are to provide adequate coverage.


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California’s $4.6bn wildfires cost add to reinsurers’ H2 2017 loss

The wildfires that have swept through California’s wine making region will add a further $4.6bn in H2 2017 losses to the (re)insurance industry, rating agency Moody’s estimates. 


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Piracy numbers continue to fall in 2017

Despite the number of maritime piracy attacks continuing to decline, the International Maritime Bureau (IMB) has urged vigilance and greater collaboration from agencies and shipping companies to tackle the continued threat in a number of hotspots.


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GIC Re IPO raises $1.5bn

The state-owned General Insurance Corp of India (GIC Re), has seen its initial public offering (IPO) oversubscribed but possibly not as high as the government would have wished for.


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Africa’s nascent $5.2bn P&C reinsurance market tempts overseas carriers

The potential of Africa’s nascent $5.2bn reinsurance market to expand rapidly on the back of the continent’s improving economic prospects is continuing to tempt both overseas reinsurers and also governments from imposing protectionist measures. 


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PRA swiftness of foot crucial to London’s aspiring new ILS market

Delayed legislation means 1.1 target date will be missed but critical to long-term success is regulator’s responsiveness…


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California’s deadly wildfires sweep through wine country

At least 31 people have now been killed and 400 are reported missing in the deadliest week of wildfires in California's history.


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Lloyd’s S&P outlook downgraded to negative

Against a backdrop of circa $100bn in industry losses from the recent catastrophic events, S&P has revised its outlook for the market from stable to negative, while maintaining it’s A+ financial strength. 


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XL estimates Q3 cat losses at $1.48bn

Bermudian underwriting group XL has said it expected its third quarter figures will be impacted by $1.3 billion in net losses from the recent Hurricanes Harvey, Irma and Maria.


Barbican appoints Booth to new role of underwriting director

Barbican, the private equity owned Lloyd's insurer, has promoted Andy Caldwell to active underwriter of its Syndicate 1955 with his predecessor David Booth being appointed to a new role of director of underwriting.


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Hoare warns of impending "reinsurance failures"

The CUO of Munich Re Syndicate Ltd, Dominick Hoare, has given a stark warning to expect "reinsurance failures" as the industry confronts a rising tide of over a $100bn in storm losses from hurricanes Harvey, Irma and Maria.


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Hiscox appoints former Vodafone executive to new London CEO role

The Hiscox Group has created a new role of London Market business CEO and promoted one of its retail executives Kate Markham to the position.


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Bermuda facing $25bn HIM losses

Bermuda's (re)insurers are set to face claims of $25 billion from hurricanes Harvey, Irma and Maria (HIM), according to the Association of Bermuda Insurers & Reinsurers (ABIR).


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Fryer’s
delight

Did Angerstein spy fist-pumping over at Aon Benfield following the news last week that Charlie Fry has joined insurance powerhouse AIG to lead its reinsurance buying?  READ MORE

 

Dame Inga’s off message interview

 As Irma flattened swathes of the Caribbean and was barrelling its way to Florida, industry CEOs were carefully on message in emphasising the human cost of catastrophes. Apart from a curiously off message Lloyd’s CEO Inga Beale... READ MORE


Christmas comes early for Butcher duo

Angerstein was delighted by Reinsurance’s exclusive article earlier
this week that Integro is now in pole-position to acquire the London
market broker
...READ MORE

 

Farmers’ reinsurance renewal highlights market tension

Traditionally one of the earliest 1.1 cat reinsurance programmes to go firm order is Farmers’ US cat treaty. The US heavyweight, managed as a mutual by Zurich, wrote $19.7bn of gross premium last year...
READ MORE

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Houston Marine Insurance Seminar 2017 reinsurance daily editions. Click issue to download

Monte Carlo Rendez-Vous 2017 reinsurance daily editions. Click issue to download