News

Insurance

Hurricane Harvey loss estimates vary but could reach $20bn

Loss estimates from Hurricane Harvey continue to vary widely as analysts and risk modelling agencies attempt to assess the impact from the storm and ongoing flooding in the state of Texas. Estimates range from $20 billion at the upper end to the low billions though these exclude flood losses.   29 August 2017

Insurance

Lloyd’s reveals new CFO as Keese set to exit

Current chief to become strategic advisor, developing risk transfer vehicle London Bridge 2.   30 January 2025

Reinsurance

AM Best lifts Conduit Re’s outlook on growth prospects

AM Best expects it to generate solid combined ratios, backed by ‘favourable market conditions’.   18 December 2024

Insurance

Lloyd’s tipped for good 2025 but warned on volatile cat business: Fitch

Despite strength, Lloyd’s can’t likely make ‘significant’ gain in its competitive stance.   17 December 2024

Insurance

Westfield Specialty builds out management liability, more lines pending

Expansion of offer goes hand in hand with extension of admitted capacities across US states.   14 March 2023

Insurance

Lloyd’s syndicate AEGIS London doubles terrorism product capacity

Market demand for enterprise-level terrorism insurance prompts move.   16 April 2025

Insurance

LMA and LIIBA partner to transform delegated authority underwriting

They aim to drive efficiency through the adoption of computable contracts.   15 November 2023

Insurance

Lloyd’s built 2023 margin gain on distance to large loss, despite PYD

New reserves hit specialty, including more RU-UA aviation sums, plus casualty.   28 March 2024

Insurance

QBE Re subsidiaries get Class 4 licences in Bermuda

The re/insurer said the former captive reinsurers will enable QBE Re to write third party reinsurance to their balance sheets.   13 December 2024

Insurance

Typhoons put pressure on Tokio Marine, MS&AD, Sompo

The recent run of large natural disasters to hit Japan has put downward pressure on the creditworthiness of the nation's three largest non-life insurance groups, S&P Global Ratings suggested in a briefing.   3 October 2018

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