NewsResultsRLI surpasses expectations as tax gain bolsters earningsRLI reported fourth quarter earnings that outperformed the expectation of analysts and included a $32.8mn boost from changes to the tax code in the US.Thu 25 Jan 2018
NewsLloyd’s has ‘long way to go’ in harnessing ILS: ParryLloyd’s has a “long way to go” in taking advantage of the new insurance-linked securities (ILS) legislation that came into force last year, the Corporation’s chief financial officer (CFO) John Parry has said.Thu 25 Jan 2018
NewsLossesCarillion collapse to deal trade credit insurers £31mn hitCredit insurers are set to pay out around £31.0mn ($44.3mn) of claims related to the dramatic collapse of British outsourcing firm Carillion, according to the Association of British Insurers (ABI).Thu 25 Jan 2018
NewsPeople MovesLockton broker hot foots home on supposed first day at WillisJust hours after supposedly starting a new job as a casualty broker with Willis Towers Watson, Debbie Goldstine was revealed as US casualty leader at rival intermediary Lockton.Thu 25 Jan 2018
NewsPeople MovesVolante swoops on QBE for chief actuarial officerVolante, the recently-launched multi-class MGA platform founded by Talbir Bains, has appointed Chris Drew as chief actuarial officer.Wed 24 Jan 2018
NewsMarineLondon market broker SSL in exclusive sale talksThe independent London market marine broker SSL has entered into a new set of exclusive takeover talks with a private equity firm that - if successful - will lock in co-founder Andrew Sturdy and his colleagues for a minimum of three years, Reinsurance can reveal.Wed 24 Jan 2018
NewsPeople MovesRupert Atkin appointed AHJ non executiveIndustry veteran Rupert Atkin has joined independent broker AHJ as a non-executive director.Wed 24 Jan 2018
NewsPeople MovesRSA taps Buckle and Gibbs as UK and international chiefsUK carrier RSA has named Tony Buckle and Rob Gibbs as the respective new managing directors of its global and commercial risk solutions businesses.Wed 24 Jan 2018
NewsLossesQatar Re owner’s profit dives after Hurricanes and OgdenQatar Insurance Group (QIC), the parent entity of Qatar Re and Lloyd’s syndicate Antares, reported underwriting profits that slumped $200mn to just $32mn last year. Wed 24 Jan 2018
NewsLossesAon Benfield ups 2017 cat loss estimate to $134bnAon Benfield has increased its 2017 catastrophe loss pick once again to take the total estimated insured losses for last year to $134bn.Wed 24 Jan 2018
NewsLossesArgo’s Q4 losses higher than expectedArgo surprised analysts by announcing that its fourth quarter catastrophe losses were likely to be between $34mn and $38mn.Wed 24 Jan 2018
NewsBrown & Brown tops estimates as organic growth climbs 9.3%US broker Brown & Brown got the ball rolling on the fourth quarter reporting season with an estimate-topping set of results led by 9.3 percent rise in organic revenue.Tue 23 Jan 2018
NewsM&ATalanx picks up Liberty’s $56mn Turkish carrierHannover Re-owner Talanx has struck a deal to acquire Liberty Mutual’s non-life insurance operations in Turkey.Tue 23 Jan 2018
NewsQBE warns on $1.2bn full year loss for 2017Australian carrier QBE Group is set to post an after-tax loss of $1.2bn for the full year 2017 as poor emerging market results and catastrophe losses compound a total of $930mn in US tax-related write downs.Tue 23 Jan 2018
NewsOgden rateGovernment pledge to reform Ogden rate slows premium increaseThe surge in premium for motor insurance tailed off in the final quarter of 2017 after a government pledge to reform the Ogden rate, according to research by Willis Towers Watson.Tue 23 Jan 2018
NewsCalifornia regulator threatens profits cap only months after $12bn+ wildfire lossesDespite US and global (re)insurers facing a loss bill of over $12bn from the fourth quarter California wildfires, the populist state insurance commissioner Dave Jones (pic) has today (23 January) threatened to cap profits for state regulated insurers.Tue 23 Jan 2018