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Insurance
Enstar, an insurance holding company that owns StarStone and Atrium, posted improved profits in the first quarter of 2017 though its net written premiums shrank as it warned on “challenging market conditions” in both underwriting and investing and “overcapacity in many markets for insurable risks”. 9 May 2017
Insurance
The insured property market loss for Tropical Storm Debbie, the strongest tropical cyclone in the Australian region since Cyclone Quang in 2015, is estimated at A$1.12bn ($823 million), according to PERILS. 9 May 2017
Insurance
Ruschlikon, the community of re/insurers and brokers, has revealed it is cooperating with the London Market target operating model (TOM). 21 April 2016
Insurance
London-based specialty re/insurance market Lloyd’s has inaugurated its Indian branch in the presence of UK Chancellor Philip Hammond and joined by MS Amlin as the first participating syndicate. 5 April 2017
Insurance
Claims inflation is driving up reserves and impacting results, making further rate increases necessary to stabilise underwriting profitability, Liberty Mutual executives said during a March 2 results presentation. 3 March 2017
Insurance
Stephen Catlin, the founder of Catlin, and the UK’s Prudential Regulation Authority (PRA) warned insurers over their cyber risk exposures. 5 July 2017
Insurance
Specialty insurer XL Catlin has expanded its marine business through the appointments of Oliver Miloschewsky as regional product leader and Tom Hughes as head of marine. 7 July 2016
Insurance
The Travelers Companies' profits fell in the first quarter of 2017, which the company blamed on a $62 million pre-tax impact from the UK’s Ogden rate adjustment, a lower underlying underwriting gain and higher catastrophe losses. 20 April 2017
Insurance
Swiss Re expects to benefit from “very significant growth” potential by setting up a new hub in Singapore but is shrinking the business elsewhere to protect profitability. 4 May 2017
Insurance
Re/insurance broker Aon plans to deploy a significant part of the proceeds from the $4.3 billion sale of its outsourcing platform to acquisitions, executives said during a Feb. 10 results presentation. 13 February 2017
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