Early optimism around the effect of Hurricane Irma on rates is quickly receding as more data points emerge which suggest that even combined with Hurricane Harvey the storm will have only a manageable impact on capital levels.
It seems paradoxical that I should be writing to tell you of the demise of our monthly print edition.
The London binders market is braced for a round of losses from Hurricane Irma, even as it continues efforts to untangle the consequences of Harvey in Texas.
Projections from provisional gross loss estimates from listed Floridian insurers Federated National and Homeowners Choice (HCI) point to a $6.1bn privately insured homeowners' loss from Hurricane Irma in the state, analysis from The Insurance Insider shows.
Lloyd's syndicates have started to receive claims from insureds in the Caribbean following Hurricane Irma, with early indications suggesting substantial losses that will also hit the continental reinsurers hard.
Early estimates of insured Irma losses in the Caribbean from modelling agencies have met a sceptical response in the London market, with sources unsure about the accuracy of early claims forecasts.
The reliability of modelled hurricane estimates for Irma and Harvey is coming under scrutiny as insurers begin to assess the cost of the two events.
Industry insured loss estimates for Hurricane Irma narrowed to no more than $50bn, including up to $15bn in Caribbean islands that took a direct hit from the Category 5 storm before it weakened as it struck Florida's southwest coast and headed inland last week.
British Airways (BA) is pursuing its property insurers for a sizable business interruption (BI) claim after suffering a global system failure in May, The Insurance Insider understands.
Hong Kong-based reinsurance start-up Nine Merchants Re is in active conversations with investors with funds outside China after encountering obstacles following a clampdown on domestic capital outflows, according to market sources.
The bidding process for Generali's EUR200mn ($238mn) legacy book has narrowed to three parties, with final offers due this week, The Insurance Insider has learned.
R&Q has received a licence to operate in Rhode Island as the run-off acquirer positions itself to take advantage of a new Part VII-style regulatory framework, The Insurance Insider has learned.
The Corporation of Lloyd's is considering ways it can run more functions centrally in a bid to reduce the market's above-average 41 percent expense ratio, according to CEO Inga Beale.
The CEO of major InsurTech start-up Lemonade has explained the rationale behind the firm's decision to drop its claim to be a peer-to-peer (P2P) insurance company earlier in the year.
Broker Ed is asking carriers for up to $200,000 apiece in connection with its TradEd placing platform.
Ryan Specialty Group (RSG) is actively seeking new strategic acquisitions in its transactional broking and underwriting businesses, according to founding chairman and CEO Pat Ryan.
Deteriorating underwriting results in the US commercial insurance sector could provide growth opportunities for the excess and surplus lines (E&S) market, according to Ryan Specialty chairman and CEO Pat Ryan.
Primary auto carriers, their brokers and reinsurers face a complex round of January renewal discussions after the UK government drafted reforms to the Ogden discount rate.
As this year's hurricane season continued to show strong momentum with Hurricane Irma following shortly after Hurricane Harvey, investors grew increasingly wary of the P&C (re)insurance industry suffering the possibility of three-digit billion dollar losses and reacted accordingly.
Cat bond prices improved at the end of last week as it became clear that Hurricane Irma was not going to be a major threat to the cat bond segment of the insurance-linked securities (ILS) market.
Reinsurance pricing could still be impacted by Hurricane Irma, even though the market avoided more significant losses after the storm veered away from Miami, according to Leadenhall Capital Partners CEO Luca Albertini.