21 October 2017

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Baden-Baden in style

20 October 2017

Oliver Schofield, managing director of corporate strategy at RFIB, will be donning his racing goggles and juicing up the engine as part of a car rally to the Baden-Baden reinsurance meetings this yearRead more


Ophelia causes power outages in the UK and Republic of Ireland

20 October 2017

Hurricane Ophelia, which made landfall in Ireland on Monday (16 October) is reported to have left hundreds of thousands of homes and business without power and damaged structures in the south west of the countryRead more


Ironshore Singapore raises political risk capacity by $15mn

20 October 2017

Ironshore's Singapore operation has increased its underwriting capacity for political risk lines to $50mn from $35mn, the company said yesterday (19 October)Read more


Californian cannabis insurance market poised to take off

20 October 2017

The wildfires which have devastated parts of northern California this month are expected to intensify demand for meaningful (re)insurance capacity once the new regulatory regime for cannabis producers comes into effect next year, Inside FAC understandsRead more


Arkema faces environmental suit over Crosby facility

20 October 2017

Legal action against Arkema, the French-owned chemical company whose Crosby, Texas facility caught fire on Thursday 31 August, has continued with an environmental lawsuit filed on behalf of local residentsRead more


Ark touts endangered species contingency cover

20 October 2017

Ark has structured a contingency policy that will cover schemes involving the re-introduction of endangered species to the wild for attacks on livestock, domestic pets and peopleRead more


AIG writes first London market takaful W&I cover

20 October 2017

American International Group's UK insurance arm (AIG UK) said it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy to be issued in the London marketRead more


Sompo estimates HIM and Mexican quake losses at nearly $620mn

20 October 2017

Japanese insurance giant Sompo Holdings has estimated that its net losses from hurricanes Harvey, Irma and Maria and the two earthquakes that struck Mexico in September will total around 70bn yen ($618mn)Read more


Swiss Re: HIM and Mexico losses will be $3.6bn

20 October 2017

Suggesting an overall insured market loss of some $95bn, Swiss Re is expecting an initial combined claims burden in Q3 from hurricanes Harvey, Irma and Maria and the earthquakes in Mexico to be approximately $3.6bn, net of retrocession and before taxRead more


Zurich not expecting reinstatement costs after $717mn HIM toll

19 October 2017

Zurich is not expecting to incur additional reinsurance reinstatement costs after disclosing an estimated $717mn Q3 hit from claims stemming from hurricanes Harvey, Irma and MariaRead more


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