insurance News
Arch: Dorian, Faxai Caused Up to $75M in Pre-Tax Cat Losses
Arch Capital Group Ltd. disclosed pre-tax catastrophe losses of between $65 million and $75 million for the 2019 third quarter. Damages caused by Hurricane Dorian and Typhoon Faxai are largely to ...
UK’s Johnson Beats Back Scottish Push for Further Brexit Obligations
A Scottish judge refused to put further obligations on U.K. Prime Minister Boris Johnson, saying that his "unequivocal assurances" to seek an extension to the Brexit deadline were sufficient. "There ...
Ireland Predicts No-Deal Brexit if UK Proposals Are Final
If Britain's latest proposals for an agreement on leaving the European Union are its final offer, then a no-deal Brexit lies ahead, Irish Foreign Minister Simon Coveney said on Thursday. British ...
Coming Soon: Brexit Moment of Truth for UK’s Johnson and His Strategy
British Prime Minister Boris Johnson is facing the moment of truth for his Brexit strategy as he prepares to present his blueprint for a deal to the European Union in days. The reception his plan ...
MS Amlin Exits 9 Core Markets, Refocuses on 3
MS Amlin said it will be exiting nine non-core markets that no longer fit into its long-term strategy. Instead, the London-based insurer and reinsurer and MS&AD subsidiary will pursue a new ...
Lloyd’s of London Releases Blueprint to Create Super-Advanced Marketplace
Lloyd's of London has unveiled a blueprint for action to facilitate its Future at Lloyd's project, which aims to "build the most advanced insurance marketplace in the world." This first blueprint, ...
Lloyd’s of London Prepares for ‘Sobering’ Results From Workplace Culture Survey
Lloyd's of London expects "sobering" results from a survey of the workplace culture at its member firms, the insurance market's chairman said on Wednesday as a rise in investment income drove a ...
Updated Hurricane Dorian Insured Loss Estimates Calculated for U.S., Caribbean
Hurricane Dorian may be history, but catastrophe modeling firms are still calculating insured losses for damage the storm inflicted on the U.S. and Caribbean region. Karen Clark & Co. issued an ...