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  • RLI beats as reserve releases offset dent from cats
    RLI confounded analysts' expectations in the third quarter as it revealed a $1.7mn operating profit with reserve releases partially offsetting a $31.7mn hurricane bill. The $0.04 per share result was notably ahead of the less than $0.01 per share consensus loss estimate of seven Wall Street analysts surveyed by MarketWatch. The firm's chairman and CEO […]
  • Opinion: Trust issues
    Trust. A scarce commodity in this corrosive age of perma-outrage, where public ire can in a heartbeat lurch from lawmakers, to CEOs, to banks, and even a world-class children's hospital. Yet insurers that attended the International Cooperative and Mutual Insurance Federation's conference heard repeatedly that winning trust was the key to closing the ever-growing protection […]
  • CNA elevates Wilson to lead underwriting services team
    Commercial carrier CNA has promoted Katie Wilson to senior vice president of underwriting services in its commercial unit with responsibility for developing strategy and managing the team. She will report to commercial insurance CUO Julie Stephenson, the Chicago-based insurer said today. Wilson joined the carrier in 2005 and most recently was vice president of general […]
  • XL Galileo cat bond may point to rate rises
    XL Catlin has launched a $150mn Galileo Re cat bond which seems to give an early indication of rate increases in the insurance-linked securities space, The Insurance Insider's sister publication Trading Risk has reported. With little traditional catastrophe reinsurance business up for renewal in the fourth quarter, the market will be watching new cat bond […]
  • Travelers suggests commercial price hikes may rise
    Travelers, sometimes regarded as a property and casualty industry bellwether, has led analysts to conclude that the big US insurer sees commercial prices rising in the wake of the third quarter's catastrophes. Comments made by company leaders on a conference call with securities analysts led JP Morgan's Sarah DeWitt to forecast rate hikes of at […]
  • Zurich estimates group Q3 HIM claims at $717mn
    Zurich is expecting a $717mn Q3 hit at a group level as a result of hurricanes Harvey, Irma and Maria. The global insurer estimates total claims in the third quarter within its P&C business from the three hurricanes to be about $700mn net of reinsurance and before tax. Meanwhile, Farmers Re is expected to book […]


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20 Birchin Lane, London
+44 203 713
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+27 11 083