Lloyd's-hurricane-

Lloyd’s 2017 loss deteriorates by £400mn fuelled by Irma

2018-08-16T15:18:00+01:00

Lloyd’s net loss for 2017 has climbed by £399.9mn as a number of syndicates have had to bolster reserves following additional claims notifications from last year’s cat losses and, in particular, Hurricane Irma.

Thomas lillelund

Aspen Re poised to release CEO Lillelund early to join key client AIG

2018-08-16T11:08:00+01:00

Aspen Insurance Holdings is not expected to hold its departing reinsurance head to his one-year notice period in order to help maintain good terms with its top-five client, AIG, re-Insurance.com understands.

Cat-related-losses-i

Swiss Re pegs H1 insured cat losses at $20bn

2018-08-16T10:38:00+01:00

Insured catastrophe losses incurred in the first half of 2018 are estimated to stand at $20bn, according to Swiss Re’s latest Sigma report.

qbe london city exterior

QBE’s combined ratio improves as streamlining boosts bottom line

2018-08-16T09:47:00+01:00

Australian giant QBE saw its combined ratio improve in the first half of 2018 as the effects of a “simplification plan” start to help the group’s bottom line.

US-EU-flag

R&Q inks three new program deals with European MGAs

2018-08-16T06:45:00+01:00

London-listed Randall & Quilter has added three new program underwriting partnerships with European MGAs to its books through its Malta-based subsidiary which takes the firm past the $200mn GWP milestone.

Thomas lillelund

Aspen Re poised to release CEO Lillelund early to join key client AIG

2018-08-16T11:08:00+01:00

Aspen Insurance Holdings is not expected to hold its departing reinsurance head to his one-year notice period in order to help maintain good terms with its top-five client, AIG, re-Insurance.com understands.

Cat-related-losses-i

Swiss Re pegs H1 insured cat losses at $20bn

2018-08-16T10:38:00+01:00

Insured catastrophe losses incurred in the first half of 2018 are estimated to stand at $20bn, according to Swiss Re’s latest Sigma report.

qbe london city exterior

QBE’s combined ratio improves as streamlining boosts bottom line

2018-08-16T09:47:00+01:00

Australian giant QBE saw its combined ratio improve in the first half of 2018 as the effects of a “simplification plan” start to help the group’s bottom line.

US-EU-flag

R&Q inks three new program deals with European MGAs

2018-08-16T06:45:00+01:00

London-listed Randall & Quilter has added three new program underwriting partnerships with European MGAs to its books through its Malta-based subsidiary which takes the firm past the $200mn GWP milestone.

AmTrust-champagne-bottle

Maiden’s voyage

Bermuda’s Maiden has veered off course and appears to be going in a very different direction.

Bermuda, Hamilton

Aspen cedes 50 percent more premium to reinsurers

Up-for-sale Bermudian Aspen reported a small second quarter earnings miss yesterday (1 August) while revealing the impact of a major de-risking of its gross exposures following last year’s heavy losses.

XL-homepage

XL begins de-risking ahead of Axa takeover

XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.

AmTrust-champagne-bottle

Maiden’s voyage

Bermuda’s Maiden has veered off course and appears to be going in a very different direction.

Bermuda, Hamilton

Aspen cedes 50 percent more premium to reinsurers

Up-for-sale Bermudian Aspen reported a small second quarter earnings miss yesterday (1 August) while revealing the impact of a major de-risking of its gross exposures following last year’s heavy losses.

XL-homepage

XL begins de-risking ahead of Axa takeover

XL Group has accelerated the de-risking of its book by ceding more business to reinsurers and significantly reducing its maximum loss exposures to US cat events, re-Insurance.com’s analysis of the Bermudian firm’s second quarter results shows.



Aspen clock noon

Aspen’s high noon fast approaches

The six months of uncertainty for up-for-sale Bermudian carrier Aspen will end soon - and perhaps even as early as this time next week, sources close to the company suggest.

XLs-1-100-Net-Probable-Maximum-Loss1-by-peril-region

De-risking dominates in Q2 reporting season

After last year’s painful losses, de-risking is the flavour of the day as (re)insurers reduce their cat aggregates, buy more reinsurance and retro and slash underperforming business lines.

Johnson

Talcum powder asbestos isn’t keeping insurers awake at night

Asbestos. Just the utterance of the word is enough to make a casualty underwriter wake up in a cold sweat. 

Aspen clock noon

Aspen’s high noon fast approaches

The six months of uncertainty for up-for-sale Bermudian carrier Aspen will end soon - and perhaps even as early as this time next week, sources close to the company suggest.

XLs-1-100-Net-Probable-Maximum-Loss1-by-peril-region

De-risking dominates in Q2 reporting season

After last year’s painful losses, de-risking is the flavour of the day as (re)insurers reduce their cat aggregates, buy more reinsurance and retro and slash underperforming business lines.

Johnson

Talcum powder asbestos isn’t keeping insurers awake at night

Asbestos. Just the utterance of the word is enough to make a casualty underwriter wake up in a cold sweat.