Farmers' $1.8bn catastrophe reinsurance programme looks set to price up by around 25 percent after the insured warned its panel that it expects to pass on $1bn of claims from the California wildfires, The Insurance Insider can reveal
A painful set of third quarter results left AIG investors under no illusions that patience would be required to reap the benefits of a promised turnaround under Brian Duperreault and his new management team
Names-backed syndicates took advantage of plummeting capacity prices to buy back some of their stamp in the first round of 2017 auctions
It's not every day that I brush my teeth while listening to the premier of Bermuda getting a grilling from a hostile BBC journalist
Bermuda-based carriers not only saw their third quarter earnings evaporate but also as much as six quarters worth of operating profits following an active hurricane season that is expected to yield up to $100bn in industry insured losses.
What should the London market look like in 2025? That was the question Lloyd's chairman Bruce Carnegie-Brown addressed at The Insurance Insider's London Market Conference
Insurers have plenty to be excited about in the Republican proposal to cut corporate taxes even as it closes off or limits some current benefits
Retro renewals testing the market in the wake of HIM, quake and wildfire losses seem to indicate rate rises in the 20-35 percent range, The Insurance Insider understands.
Singapore is often described as Asia for beginners, given its large expat community, spectacularly clean streets, lack of crime and the fact that everything from transport to public services just, well, works
Takeover talks between infrastructure investor National Standard Finance and Shariah-compliant Lloyd's start-up Cobalt have ended without an agreement being reached, The Insurance Insider understands
Bermudian third quarter gross written premiums (GWP) increased by 20.4 percent on the prior-year period to reach $7.8bn, fuelled by reinstatement premiums triggered by the quarter's elevated level of catastrophe losses.
Bermuda-based carriers actively pursued cost reductions in the third quarter as core margins deteriorated and the past quarter's hurricane season sent combined ratios into the triple digits.
The Prudential Regulation Authority outlined its approach to ensuring that London-based ILS vehicles meet requirements to be fully funded under Solvency II regulations, as it said ISPVs must prove they have secured funding before risk transfer.
Regular ILS sponsors USAA and XL Catlin have topped up their cat bond cover in the first transactions completed after the 2017 hurricane losses, with pricing on the deals showing an increase in rates.