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Insurance
Soft market, Brexit and regulatory compliance rated top three challenges for London market
The top three challenges facing London market are the ongoing soft market conditions, Brexit and regulatory compliance, according to an International Underwriting Association survey.   28 September 2017
Insurance
Bermuda re/insurers have paid over $72.8bn to EU policyholders, survey shows
Re/insurers based in Bermuda have collectively paid out $72.8 billion to policyholder and cedants in the European Union over the past 20 years.   28 September 2017
Insurance
Global cyber premiums to increase six- to eightfold within ten years: Fitch
The global premiums volume for cyber insurance is set to increase six- to eightfold within a decade, according to a Fitch Ratings report.   28 September 2017
Insurance
Pen Underwriting strikes motor capacity deal with Zurich
London-based managing general agent (MGA) Pen Underwriting has entered into a new motor capacity deal with Zurich Insurance.   28 September 2017
Insurance
Marsh forms new broker network structure following Bluefin acquisition
Global insurance broking and risk management firm Marsh has created a new practice for broker networks within Jelf and Bluefin’s direct and partnership (D&P) division.   28 September 2017
Insurance
Lloyd's profits down 16.4 percent in H1 2017
Specialist insurance and reinsurance market Lloyd's reported pre-tax profits of £1.22bn for the first half of 2017, down from £1.46bn for the same period in 2016.   28 September 2017
Insurance
2017 cat losses could reach $190bn and mean downgrades
Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pre-tax basis, according to Fitch Ratings.   27 September 2017
News
Recent hurricanes only an earnings event for SCOR
Hurricanes Harvey and Irma are expected to represent an earnings event rather than a capital event for SCOR in the third quarter of 2017, the reinsurer has said.   26 September 2017
Insurance
A failure of models could turn the market
Some re/insurance executives yearn for the heady days of a hard market but most are more realistic, given the abundance of capital in the industry. The recent hurricanes have given the market an insight into just how rates might respond to big losses, as Intelligent Insurer reports.   25 September 2017
Insurance
M7.1 Mexico earthquake causes major destruction
The magnitude 7.1 earthquake that struck near Mexico City on Sept. 19 afternoon has caused major damage, according to a Sept. 20 AM Best report.   21 September 2017

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