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Drop in cats boosts XL in Q2

XL Group's second quarter operating profit surged compared with the prior year owing to a major reduction in catastrophe-related losses.

Increased reinsurance buying cuts Aspen NPW

Aspen saw its net premiums written decrease by close to a third during the second quarter of 2017 after the business took the decision to increase the amount of reinsurance it buys.

ANALYSIS: Proposed auto regs pose data concern

New regulations for autonomous vehicles proposed by Congress pose issues for insurers who will require considerable amounts of data for underwriting purposes.

Axis Capital sees slight dip in NPW

A retrocessional cover with Harrington Re had a slight impact on Axis Capital's net premiums written, but the firm posted a sharp increase in underwriting income, as well as a lower combined ratio for the second half of 2017 compared with the same period last year.

RenRe beats after strong underwriting and investments

RenaissanceRe beat analysts' forecasts after the firm recorded an improved underwriting result and strong investment return during the second quarter of this year.

Market conditions impact Arch's NPW

Weak market conditions took their toll on net written premiums for Arch's insurance segment, while its reinsurance business was boosted by an increase in specialty business.

Markel acquires State National

The $919m transaction will enhance Markel's insurtech and digital distribution capabilities according to the firm's co-chief executive.

Mapfre boosts its half-year profit by 9.1%

Madrid-based international insurer Mapfre has upped its profit and premium in the first half of 2017.

Italian regulator steps in on cyber risk identification

Regulator IVASS has launched an industry-wide cyber study to help intermediaries assess digital threats.

Magazine

Post-Brexit moves: what we know so far

Reactions rounds up all the re/insurer post-Brexit EU office locations announced to date.

Editor's comment: Regulators are people, too

The UK’s opposition leader Jeremy Corbyn recently told the crowds at Glastonbury to “build bridges not walls”. However, this is very much not the trend in political circles these days.

Managing editor's comment: the (re/insurance) Grand Tour

A Grand Tour of the new European insurance subsidiaries.

Microinsurance: making a positive mark

Education and public-private partnerships hold the key to a greater industry presence in developing regions.

M&A insurers make hay while the sun shines

M&A transaction insurance looks good right now, but the market might be in for a correction soon.

Garry Booth comment: PRA speaks out on silent cyber

Contributing editor Garry Booth on the Prudential Regulation Authority's strong expectations for cyber risk underwriters.

Reinsurers feel the heat after 1/7 renewals

The Florida windstorm renewals offered little hope for a reinsurance market that has already become accustomed to chronic rate decreases.

Energy insurers eye GoM with optimism

Few losses and intense competition may have pushed rates for Gulf of Mexico named windstorm coverage to the floor, but changes at Oil Insurance may bring in new business.

Benchimol: Axis-Novae deal “a win-win”

Both Axis Capital and Novae Group will benefit considerably from the proposed acquisition deal, the Bermudian firm’s president and chief executive Albert Benchimol told Reactions.

Navigating US flood insurance reform

US lawmakers have until September to settle on reforms to the National Flood Insurance Program that would be beneficial to the public as well as the insurance market.

PCI warms to Financial Choice Act

The Property Casualty Insurers Association of America’s (PCI) Nat Wienecke believes the Financial Choice Act, as well as actions taken by the Trump administration, will be a boon for the US re/insurance industry.

RISKbitz July / August 2017

Your favourite re/insurance satire, by RISKbitz.

Rocket science, insured - CEO interview

Laurent Lemaire, founder, chairman and CEO of space insurer Elseco, caught up with Reactions’ editor David Benyon at the World Space Risk Forum event in London this June.

Interview: Vincent Vandendael on Brexit

Lloyd’s of London is the biggest re/insurance name to choose Brussels as the site for its new post-Brexit European Union insurance operation.

Book Review: Risk & Reward by Stephen Catlin

The book reads like a playbook on how to get ahead in insurance – and stay there. Book review by Garry Booth.

Reactions unveils London Market Awards winners!

Leading lights of the industry received accolades for their work at this year's awards ceremony.

Brazil faces D&O and construction disruption

Political turmoil in Brazil has forced regulatory change in the D&O liability market and a downturn in demand for construction policies.

Are facilities the future of re/insurance broking?

Senior figures in the insurance industry think the commoditisation of insurance has gone too far while others think it’s simply a sign of the times. Either way, the broker/insurer relationship is under severe strain.

Latest Issue

July/August 2017

reactions-latest-issue  

In this month's Reactions

  • Brexit movers
  • Axis-Novae
  • Stephen Catlin's memoirs
  • London Market Awards

Click here to view this issue

 

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