Q4 losses - two steps forward, one step backIn the past week, the gap between disclosed and anticipated industry losses has had a ‘two steps forward and one step back’ feel to it as more carriers published revised fourth quarter loss numbers.
Bermudian (re)insurance shares leap following AIG-Validus dealShares in Bermudian (re)insurers have surged in early trading today as investors seek exposure to a further round of consolidation on the island following AIG’s announcement of its mammoth $5.56bn acquisition of Validus.
Beazley shares climb as it predicts expectation-beating resultsBeazley looks set to report a relatively-sterling set of results for the full year 2017 after the London market carrier this morning announced it will post a 99 per cent combined ratio for the period and pre-tax profits “ahead of current market expectations.”
Beazley shares up on positive analyst reportBeazley shares were up around 2.5 percent today (10 November) following a positive analysts report from JP Morgan Cazenove.
Beazley: Up to $300mn in H2 cat lossesLloyd’s (re)insurer Beazley says it now expects between $200mn-$300mn in net natural disaster claims in the second half of the year in a 9 November trading statement.
Beazley’s Dublin platform writes first policiesLloyd’s carrier Beazley plc this week begun writing policies through its Dublin-based insurer, Beazley Insurance dac (Beazley Insurance), which was authorised by the Central Bank of Ireland in July.