8 November 2017

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Hannover Re P&C net income falls 98% in Q3 on cat losses

Hannover Re's property and casualty (P&C) reinsurance segment recorded a net income of EUR4.8mn in the third quarter of 2017, down 98 percent on the prior-year total of EUR237.3mn, as EUR735.6mn of natural catastrophe losses took their tollRead more

Stratts takes CEO role at Lexington

American International Group (AIG) has appointed George Stratts as CEO of its excess and surplus lines (E&S) business, Lexington Insurance CompanyRead more

Hiscox reports 30% rate hike for US property cat reinsurance

Specialist (re)insurance group Hiscox said in nine-month financial report today (7 November) that it is seeing rate increases of up to 30 percent for property catastrophe reinsurance in loss-affected areasRead more

Casualty facultative rating slide ends

After several years of depressed conditions with extremely competitive - some would say uneconomic - price decreases for casualty facultative reinsurance, there is now a widespread feeling that the extraordinary scale of third quarter cats has stopped the soft market in its tracksRead more

Swiss Re puts $1bn into insurance unit

Swiss Re has injected $1bn of capital into its struggling primary unit Swiss Re Corporate Solutions (SRCS), the behemoth noted as it reported a group net loss of $468mn for the nine months ending 30 SeptemberRead more

Lancashire doubles reinsurance spend in Q3

Lancashire increased its spending on reinsurance in the third quarter by 127.8 percent to $36.9mn, compared with the same period in 2016Read more

Pioneer launches property E&S unit with Phillips hire

Pioneer Underwriters has hired David Phillips and his team from Maxum Specialty Insurance Group as it launches a new Georgia-based property excess and surplus lines (E&S) operation in the USRead more

California wine country losses could top $8bn

Catastrophe modelling firm RMS has increased its estimate for insured losses from the wildfires that ravaged California's wine-producing regions from $3bn-$6bn to $6bn-$8bnRead more

German insurers face EUR250mn Herwart hit

Storm Herwart, which hit large parts of northern and central Europe over the weekend of 28-29 October, is set to cost German property insurers some EUR250mn, according to actuarial specialist Meyerthole Siems KohlrussRead more

News analysis

See more news analysis

Frustrated cover

Political risk is not a line of business for the faint-hearted, but capacity for the class is growing, finds Inside FACRead more

The FAC Door

Cars set off over the weekend of 21 October bound for Baden-Baden, not to enjoy the warming springs of the beautiful spa town, but to undertake a gruelling journey in aid of CPotential and the RFIB 2017/18 nominated charities; except it wasn't meant to be gruellingRead more

Toby Esser

Independence and innovation

Toby Esser, executive chairman, AFL Insurance BrokersRead more

EMEA protectionism is impacting insurance

Protectionist measures introduced by some insurance regulators in the Europe, Middle East and Africa (EMEA) region are impacting international (re)insurers' ability to conduct business in certain emerging markets, according to a new report by AM BestRead more

Marcus - sketch

No more hard, hard markets

I was amused by a comment from an old wag the other day about the impact that the extraordinary series of third quarter cats is having on the market, which seems to have left some of our younger brethren rather bemused Read more

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