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Insurance Reinsurance

  • Top 10 IPOs in India: http://reut.rs/2xBgqso. MUMBAI, Oct 13- The Indian government raised about 98 billion rupees on Friday by selling some of its shares in General Insurance Corp of India, the nation's top reinsurer, in the country's biggest listing in seven years. GIC Re, which had a 60 percent share in India's reinsurance market according to Crisil Research, is...

  • *Top 10 IPOs in India: http://reut.rs/2xBgqso. MUMBAI, Oct 13- The Indian government raised 113.7 billion rupees on Friday by selling some of its shares in General Insurance Corp of India, the nation's top reinsurer, in the country's biggest listing in seven years. GIC Re, which had a 60 percent share in India's reinsurance market according to Crisil Research, is...

  • Oct 9- American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of about $3 billion in the third quarter mainly related to hurricanes Harvey, Irma and Maria. The company estimated pre-tax losses of about $1 billion each from Harvey and Irma, up to $700 million from Maria and additional catastrophe losses, including...

  • The company estimated pre-tax losses of about $1 billion each from Harvey and Irma and up to $700 million from Maria. Losses from earthquakes in Mexico is expected to be about $150 million, AIG said in a statement. Insurers and reinsurers are counting the costs of the hurricanes that tore into parts of the United States, while ravaging several islands in the...

  • Oct 9- American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of $2.9 billion to $3.1 billion, net of reinsurance, in the third quarter mainly related to recent hurricanes. The company estimated pre-tax losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1.0 billion to $1.1 billion from Hurricane Irma and $600...

  • CAPE TOWN, Oct 5- South African waste management company Interwaste fired KPMG as its auditor on Thursday, dealing another blow to the accounting firm ensnared in a scandal involving business friends of President Jacob Zuma. Interwaste, a Johannesburg- based company involved in the disposal and recycling of waste from mines and residential homes, has...

  • BEAZLEY Lloyd's of London insurer Beazley said losses from hurricanes Harvey, Irma and Maria and a series of earthquakes in Mexico would reduce its 2017 earnings by about $150 million. HCI GROUP HCI Group's principal operating subsidiary, Homeowners Choice Property& Casualty Insurance, a provider of home insurance in Florida, issued a preliminary estimate...

  • BEAZLEY Lloyd's of London insurer Beazley said losses from hurricanes Harvey, Irma and Maria and a series of earthquakes in Mexico would reduce its 2017 earnings by about $150 million. HCI GROUP HCI Group's principal operating subsidiary, Homeowners Choice Property& Casualty Insurance, a provider of home insurance in Florida, issued a preliminary estimate...

  • *Trump due in Puerto Rico on Tuesday. SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. President Donald Trump, who has faced criticism for his...

  • BEAZLEY Lloyd's of London insurer Beazley said losses from hurricanes Harvey, Irma and Maria and a series of earthquakes in Mexico would reduce its 2017 earnings by about $150 million. HCI GROUP HCI Group's principal operating subsidiary, Homeowners Choice Property& Casualty Insurance, a provider of home insurance in Florida, issued a preliminary estimate...

  • *Trump due in Puerto Rico on Tuesday. SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. President Donald Trump, who has faced criticism for his...

  • Oct 2- Everest Re Group Ltd has said its Dublin- based unit has received approval from the Central Bank of Ireland to become a non-life insurer, joining a growing list of insurers setting up regulated EU operations in case Britain does not have access to the single market after Brexit. UK insurer Chesnara could move its headquarters to the Netherlands or Sweden if...

  • SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. President Donald Trump, who has faced criticism for his administration's response to the...

  • SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. Puerto Rico relies on fuel supplies shipped from the mainland United States and distribution...

  • SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. Puerto Rico relies on fuel supplies shipped from the mainland United States and distribution...

  • SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. Puerto Rico relies on fuel supplies shipped from the mainland United States and distribution...

  • SAN JUAN, Puerto Rico, Oct 2- Puerto Rico Governor Ricardo Rossello reported progress in getting fuel supplies to the island's 3.4 million inhabitants on Monday as they faced a 13th day largely without power after the U.S. territory was devastated by Hurricane Maria. Puerto Rico relies on fuel supplies shipped from the mainland United States and distribution...

  • Oct 2- Property and casualty insurer Chubb Ltd on Monday estimated that the maximum net insurance and net reinsurance losses related to Hurricane Maria would be about $200 million after tax for the third quarter.

  • *Sukuk may boost UK Islamic finance in focus on non-EU business. LONDON/ SYDNEY, Oct 2- Britain plans to reissue Islamic bonds in 2019, a government official told Reuters, in a sign the country's exit from the European Union may accelerate plans to develop an Islamic finance industry. Brexit could threaten London's dominance as a financial centre by potentially...

  • BEAZLEY Lloyd's of London insurer Beazley said losses from hurricanes Harvey, Irma and Maria and a series of earthquakes in Mexico would reduce its 2017 earnings by about $150 million. HCI GROUP HCI Group's principal operating subsidiary, Homeowners Choice Property& Casualty Insurance, a provider of home insurance in Florida, issued a preliminary estimate...