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Claims & Run-Off

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • July 2014

    Reinsurance unit boosts Axis profit 30 July 2014

    Growth from Axis' reinsurance business more than offset a slight decrease in gross written premiums from its insurance unit and left the company boosting its net profit during the second quarter.

  • US Q2 cat claims lowest in four years 29 July 2014

    New figures from Property Claims Services shows the US suffered its lowest level of second quarter catastrophe insurance claims since 2010 while Canada saw a 98% drop in losses year on year.

  • Amice 2014 25 July 2014

    Reactions' Sam Kerr went down to Nice to cover Amice, the annual gathering of mutual insurers

  • Aviva calls for UK motor claims shake-up 24 July 2014

    Root and branch reform of motor claims practice is needed to reduce the cost of motor insurance claims in the UK, according to a controversial report from Aviva. Garry Booth writes.

  • California home hit by Geico banner 23 July 2014

    A Geico banner being flown through the sky has fallen on a Californian home which is now being investigated by the FAA.

  • Arthur insured losses not over $250m: RMS 18 July 2014

    Hurricane Arthur, insured losses are not expected to exceed $250m from wind and coastal flooding, RMS said.

  • Foster Farms fights over "product recall” wording 10 July 2014

    Chicken farmer, Foster Farms is suing Lloyd’s insurers for refusing to pay a product recall claim after it was penalised for finding cockroaches on one of its farms.

  • Irish drivers to wait 'months' for Setanta claims 10 July 2014

    The Joint Oireachtas Committee on Finance, Public Expenditure and Reform heard that the liquidation of the company is in the early stages and could take “two months or so”.

  • E-cigarettes may cause liability claims: Swiss Re 09 July 2014

    E-cigarettes may be more harmful than first thought triggering liability claims, Swiss Re has warned, as the main ingredient is neurotoxins.

  • Whiplash fraud must be cut: UK government 07 July 2014

    The UK government has released a report with pointers on how to cut motor insurance fraud, suggesting whiplash claim settlements should be banned without full medical checks.

  • Insurers sue asbestos trust for fraudulent claims 04 July 2014

    The trust, set up during the 2008 bankruptcy of T H Agriculture & Nutrition (THAN) LLC, a unit of Philips Electronics North America Corp, has been paying substantially more claims than originally forecast

  • R&Q appoints new Gibraltar managing director 01 July 2014

    Randall & Quilter has appointed Anrew Matthews as managing director of R&Q Insurance Management (Gibraltar).

  • June 2014

    Catalina completes Delta Lloyd deal 30 June 2014

    Bermudian p/c run-off specialist Catalina Holdings completed its reinsurance transaction with Delta Lloyd.

  • Two Pythons need to die for event cancellation cover 30 June 2014

    Monty Python’s reunion cancellation insurance will only pay out if two performers die, as premiums were too high to pay for just one death, said comedy actor Eric Idle.

  • HCI plans to buy Prepared Insurance 24 June 2014

    Florida-based HCI has announced a letter of intent to buy locally based Prepared Insurance

  • PRA to consult on policy prioritisation 19 June 2014

    The UK's Prudential Regulation Authority is to hold a consultation with the insurance sector on whether some insurance policies should take priority in the event of an insurer's bankruptcy.

  • R&Q issues market update 18 June 2014

    Randall & Quilter has updated the market on its performance in the year to date.

  • Supply chain questions often left unasked: Airmic 17 June 2014

    Businesses may not ask supply chain questions as they fear knowing the answer will lead to higher insurance premiums, industry figures said in Airmic’s product liability workshop.

  • British passport office causes travel claims 13 June 2014

    British holidaymakers waiting months for delayed passports are being reimbursed for holiday costs by LV= travel insurance.

  • CMA motor claims caps are not enough: Aviva 13 June 2014

    Ageas and Aviva have welcomed recent moves to limit spiralling motor claims costs by the UK competition regulator but Aviva says more must be done.

  • Insurers must crack down on non-disclosure: Munich Re 13 June 2014

    Munich Re says insurers must rethink their underwriting processes and obtain more evidence from customers to avoid deliberate non-disclosure.

  • Whiplash fraud must be cut: UK government 07 June 2014

    The UK government has released a report with pointers on how to cut motor insurance fraud suggesting whiplash claim settlements should be banned without full medical checks.

30 July 2014

In this week's issue:
First-half results from Beazley
Miami as LatAm access point
Delotte responds on FSI
Liberty issues $750m bond 

View issue

For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.