This week, IBM's The Weather Company reported that the North Atlantic hurricane season could be more active than originally thought, whilst PERILS' latest loss estimate from European windstorm Thomas was €249m.
News & Commentary
Mutuality in the insurance sector in the UK is seen as something of a minority pursuit after successive waves of demutualisation swept across the sector in the 1980s and 1990s.
This week saw the publication of IFRS 17 by the International Accounting Standards Board (IASB), resulting in a range of views from trade associations, rating agencies, and Willis Towers Watson who saw it as a major challenge for insurers and investors.
At the turn of the year, many feared the worse when surveying the crowded landscape of geo-political hazards dotted across 2017.
This week, a London Market Group (LMG) update report indicated that the London Market had a reducing market share of reinsurance and in emerging countries in 2015, and is behind on diversity.
This week saw a wide range of first quarter results and trading updates.