Chubb's cat costs more than doubled; investment income hit $1.79bn
Pre-tax investment income rose 8.6% to a record $1.79 billion; Travelers' domestic business renewal increases, excluding National Accounts, slowed to 0.9% from 4.3%.
The Wrap
7 stories this week 85 in all, from the Insurance desk.
Latest from The Wrap
Chubb CEO says 'naive capacity' entering casualty lines
He cites sidecars, broker facilities and investor-backed managing general agents as property pricing pressure spreads.
Oct 22
Bermuda registrations rise 18.6%; W.R. Berkley casualty reinsurance net premiums written fall 25%
BMA figures show Class E long-term registrations climbing to nine from three, and Berkley guided to roughly 10% to 20% further shrinkage.
Oct 21
Bermuda insurance-related registrations rise 18.6% as intermediaries and Class E grow
Class E long-term registrations rose to nine from three while restricted special purpose insurers fell to 13 from 16, BMA figures show.
Oct 20
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