L loyd's of london

Up-for-sale Lloyd’s motor insurer receives heavy capital loading

2018-10-22T15:11:00+01:00

Lloyd’s motor syndicate ERS has received a capital loading for next year in a further demonstration of the Corporation’s “get tough” approach after the recent decline in the market’s results.

James-Nash-Baden-Baden-2018

Nash: 'shadows' cast over industry ahead of 1.1 renewals

2018-10-21T15:32:00+01:00

Guy Carpenter’s international CEO James Nash has praised reinsurers for its “rational response” to the estimated $140bn of insured cat losses last year but warned that new “shadows” are being cast over the industry ahead of the 1.1 renewals.

Typhoon Mangkhut

Markel CatCo warns of single-digit NAV hit from Michael and Jebi

2018-10-18T13:05:00+01:00

Retro reinsurance investment specialist Markel CatCo said it expects its net asset value (NAV) to take a single digit hit as a result of cat losses from both Hurricane Michael and Typhoon Jebi.

Japan typhoon

Swiss Re unveils $500mn Jebi hit; $1.4bn 3Q loss bill

2018-10-18T06:48:00+01:00

Swiss Re said today that its net reinsurance losses from last month’s Typhoon Jebi will be $500mn, taking its overall third quarter nat cat loss burden to $1.1bn.

travellers building

Travelers profit more than doubles in Q3 as cat losses shrink

2018-10-18T14:25:00+01:00

US commercial and personal lines giant Travelers reported saw net income more than double in the third quarter as catastrophe losses fell from the prior year.

Blue-Capital-Re-share-price-falls-further-with-Q3-losses-i

Blue Capital Re shares fall on further Irma loss creep

2018-10-17T14:21:00+01:00

The NYSE-listed collateralised reinsurance fund Blue Capital Re has seen its share price fall again today after revealing that its third quarter will be hit by further loss creep from 2017’s Hurricane Irma.

L loyd's of london

Up-for-sale Lloyd’s motor insurer receives heavy capital loading

2018-10-22T15:11:00+01:00

Lloyd’s motor syndicate ERS has received a capital loading for next year in a further demonstration of the Corporation’s “get tough” approach after the recent decline in the market’s results.

James-Nash-Baden-Baden-2018

Nash: 'shadows' cast over industry ahead of 1.1 renewals

2018-10-21T15:32:00+01:00

Guy Carpenter’s international CEO James Nash has praised reinsurers for its “rational response” to the estimated $140bn of insured cat losses last year but warned that new “shadows” are being cast over the industry ahead of the 1.1 renewals.

travellers building

Travelers profit more than doubles in Q3 as cat losses shrink

2018-10-18T14:25:00+01:00By Ryan Hewlett

US commercial and personal lines giant Travelers reported saw net income more than double in the third quarter as catastrophe losses fell from the prior year.

Lloyd's-calandar

Lloyd’s returns to profit in H1 with 95.5 percent CR

2018-09-21T06:36:00+01:00By Ryan Hewlett

The Lloyd’s market has posted pre-tax profits of £0.6bn for the first six months of 2018, marking a return to profit following the severe catastrophe experience in 2017, which pushed Lloyd’s to a full year £2bn loss, its worst since 2001.

Marine tanker ship

Skuld reports improved combined ratio as premiums shrink

2018-09-07T10:06:00+01:00

Scandinavian marine insurer Skuld reported a 95 percent combined ratio at half year, marking a return to profit after the 111 percent it reported this time last year.