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Updated: 58 min 58 sec ago

Nat cats push HCI Q3 combined ratio to 258.2%

3 November, 2017 - 08:16
Homeowners insurer HCI Group reported a net loss of $40.5 million for the third quarter of 2017 compared with a net income of $11.3 million in the same period a year ago.

Greenlight Re CEO sees no sign of rate improvements

2 November, 2017 - 15:20
While reinsurers like Swiss Re see rates improving after major nat cat losses in the third quarter, the Greenlight Re CEO is skeptical about an imminent market turn.

Swiss Re CFO expects rising demand from cedants

2 November, 2017 - 13:48
Swiss Re expects higher demand from cedants for reinsurance cover as primary insurers seek to reduce volatility after the nat cat losses of the third quarter.

Allstate Q3 market beat not sustainable: Credit Suisse

2 November, 2017 - 13:44
Personal lines insurer The Allstate Corporation has exceeded analysts’ estimates with a reported net income applicable to common shareholders of $637 million for the third quarter of 2017, but it is unlikely to keep this momentum going forward, according to Credit Suisse analysts.

Willis Towers Watson losses widen in Q3

2 November, 2017 - 10:39
Broker Willis Towers Watson reported an attributable net loss of $54 million for the third quarter of 2017 after a net loss of $32 million in the same period a year ago.

Allstate Q3 profit rises YOY despite cat losses

2 November, 2017 - 10:27
Personal lines insurer The Allstate Corporation reported net income applicable to common shareholders of $637 million for the third quarter of 2017, up 29.7 percent compared to the same period of 2016.

Insurance Council of Australia appoints new president

2 November, 2017 - 10:19
The board of the Insurance Council of Australia (ICA) has appointed Richard Enthoven as president of the Insurance Council and chairman of the board, according to a Nov. 2 statement.

Lancashire falls to Q3 loss with 213% combined ratio

2 November, 2017 - 10:05
Specialty re/insurer Lancashire Holdings reported a net loss of $139.0 million for the third quarter compared to a net profit of $40.1 million in the same period a year ago.

Swiss Re posts 9M $468m net loss after nat cat events

2 November, 2017 - 09:55
Swiss Re reported a net loss of $468 million for the first nine months of 2017 after a net income of $3.0 billion in the same period of 2016, reflecting the $3.6 billion expected insurance claims from hurricanes Harvey, Irma, Maria, and the Mexico earthquakes.

Broker AFL expands surety, trade credit with Munich Re hire

2 November, 2017 - 09:47
AFL Insurance Brokers (AFL) is expanding its surety and trade credit capabilities with the appointment of Nathalie Gordon as director of surety.

RSA reports ‘challenges’ in wholesale, international commercial markets

2 November, 2017 - 09:33
UK-based RSA is experiencing “challenges in wholesale and international commercial markets from US and Caribbean cat activity,” according to a Nov. 2, 2017 trading update.

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