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Insurance
Intense price competition is weighing on underwriting results UK non-life company market insurance sector, according to Fitch Ratings. 24 November 2017
Insurance
Tokio Marine Group revised downward its 2017 full-year profit expectations due to higher loss estimates for natural catastrophes in the domestic and overseas non-life insurance business. 24 November 2017
Insurance
Emirates Retakaful Limited (ERL) faces uncertainty regarding the future shareholding structure, management team and strategy after both the CEO and the chief financial officer resigned, according to AM Best. 24 November 2017
Alternative Risk Transfer
A Chinese insurer focused on business being retroceded from the Lloyd’s of London market has been formed on Guernsey – the first formation of its kind. 23 November 2017
Insurance
The 2017 hurricanes Harvey, Irma and Maria (HIM) led to recorded estimated losses of $31.2 billion net of reinsurance costs for Bermuda re/insurers, according to the Bermuda Monetary Authority (BMA). 22 November 2017
Insurance
Specialty re/insurer Canopius has signed an agreement with State National Group, enabling it to offer specified lines of insurance written on admitted paper across the US. 22 November 2017
Insurance
The US property/casualty industry recorded a net underwriting loss of $20 billion for the first nine months of 2017, up from $2.3 billion loss in the same period a year ago, according to AM Best. 22 November 2017
Insurance
Bermuda-based Sompo International Holdings (SI), a specialty provider of property/casualty re/insurance and wholly owned subsidiary of Sompo Holdings, plans to establish a new European insurance headquarters based in Luxembourg. 21 November 2017
Insurance
US-based Falvey Insurance Group will no longer underwrite insurance policies for the yacht, luxury yacht and charter communities. 21 November 2017
Insurance
While the digital world allows insurers to create more appealing products for customers, keeping the data may become expensive as new data regulation becomes effective, according to a November Marketforce panel discussion with several insurance CEOs in London. 20 November 2017
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