Royal Courts of Justice, London

Exin Capital faces being wound up by HMRC in court tomorrow

2018-08-14T15:24:00+01:00

Matt Fairfield’s beleaguered Exin is expected to enter liquidation tomorrow (15 June) following a wind-up petition being issued by HM Revenue & Customs.

Cat-bond-issuance-by-quarter-I

Alternative capital continues to ‘surge’: Aon

2018-08-13T15:51:00+01:00

Global alternative reinsurance capital had climbed to $95bn by the end of first quarter, an increase of 7 percent from the end of 2017, according to estimates by Aon Benfield.

Hannover, city

Talanx profits improve despite uptick in industrial fire losses

2018-08-13T08:53:00+01:00

Hannover Re owner Talanx managed to grow profits in the first half of the year despite an uptick in German fire and property losses in its industrial lines unit.

Tokyo street

Tokio on the hook for $452mn flood losses as international units suffer

2018-08-10T09:40:00+01:00

Japanese carrier Tokio Marine Holdings expects to pay out 50bn yen ($451.8mn) for losses stemming from heavy rain in the country last month.

Am trustlogo

AmTrust’s combined ratio swells to 106% after another reserve charge

2018-08-10T08:54:00+01:00

Soon-to-be private US insurer AmTrust saw its combined ratio balloon to 106.1 percent in the second quarter after booking another reserve charge.

Tokyo japan skyline

Sompo International profits slip on combined ratio creep

2018-08-10T07:48:00+01:00

Profits at Japanese giant Sompo’s eponymous international unit, which was built out of the 2016 acquisition of Endurance, dipped 4.5 percent in the most recent quarter after a modest spike in the segment’s combined ratio. 

Bermuda

Top execs depart as AmTrust charge sends Maiden to an unexpected loss

2018-08-09T12:53:00+01:00By

The CEO and finance boss of Maiden have both stepped down in the wake of a poor second quarter that saw the Bermudian fall to an unexpected loss after taking a reserve charge on a book of business written for its sister company AmTrust.

Munich, skyline

Munich Re falls to P&C underwriting loss in Q2

2018-08-08T07:06:00+01:00By

German powerhouse Munich Re’s property and casualty reinsurance division was pushed to an underwriting loss in the second quarter as a significant bill for man-made disasters sent its combined ratio over 100 percent.

Argo

Argo impresses analysts as its combined ratio improves

2018-08-07T07:16:00+01:00By

Bermudian Argo surpassed the expectations of analysts in the second quarter with a $32.9mn profit driven by an improvement in the combined ratio.

Swiss re

Swiss Re P&C income soars 38% as underwriting improves in H1

2018-08-03T07:12:00+01:00By

Swiss Re has posted a 38 percent year-on-year bump in property and casualty net income, which leapt to $752mn for the first half of the year on the back of improved underwriting returns.

leadenhall building city

Brit exits aviation and international PI as underwriting slips in H1

2018-08-03T07:58:00+01:00By

Fairfax-owned carrier Brit stopped underwriting international professional indemnity and general aviation in the first six months of the year as modest rates increases failed to deliver the anticipated boost to profits.