Oct 19 (Reuters) - Travelers Companies Inc :Travelers Companies-property & casualty insurance market conditions expected to remain "competitive" during rest of 2017 & into 2018 for new business.Travelers Companies-in business insurance,expects underlying underwriting margins & combined ratio for rest of 2017 & 2018 to be broadly consistent.Travelers Companies - in personal insurance, expects underlying underwriting margins during rest of 2017 to be higher than in same period of 2016.Travelers Companies - in personal insurance, expects underlying combined ratio during remainder of 2017 to be lower than in same period of 2016.Travelers Companies - in personal insurance, expects underlying underwriting margins into 2018 will be higher versus same periods of 2017.Travelers Companies - in personal insurance, expects underlying combined ratio into 2018 will be slightly lower versus same periods of 2017.Travelers Companies Inc - overall, expects retention levels will remain "strong by historical standards" during remainder of 2017 and into 2018.
Sept 18 (Reuters) - HISCOX LTD ::IMPACT OF HURRICANE HARVEY.BASED ON AN INSURED MARKET LOSS OF US$25 BILLION (EXCLUDING GOVERNMENT BACKED NATIONAL FLOOD INSURANCE PROGRAM), HISCOX ESTIMATES NET CLAIMS OF APPROXIMATELY US$150 MILLION.THIS IS WITHIN GROUP'S MODELLED RANGE OF CLAIMS FOR AN EVENT OF THIS NATURE, AND REINSURANCE PROTECTIONS FOR GROUP REMAIN SUBSTANTIALLY INTACT.HISCOX WILL ANNOUNCE AN ESTIMATE OF NET CLAIMS ARISING FROM HURRICANE IRMA, ONCE IMPACT OF THAT STORM HAS BECOME CLEARER.HARVEY HAS ALSO HIGHLIGHTED LACK OF FLOOD COVER FOR LARGE PARTS OF US MARKET- CEO.HISCOX HAS TWO PRINCIPAL AREAS OF EXPOSURE: THROUGH REINSURANCE BUSINESS AND THROUGH INSURANCE LINES, INCLUDING FLOOD COVER FOR HOMEOWNERS AND BUSINESSES.2017 WILL BE AN EXPENSIVE YEAR FOR NATURAL CATASTROPHES BUT INDUSTRY CAN COPE-CEO.
June 12 (Reuters) - W. R. Berkley Corp ::W. R. Berkley corporation forms Berkley International Fianzas México S.A. and Berkley International Seguros México S.A..Guillermo Espinosa Barragan has been named general director of Berkley International Fianzas México.Javier Garcia Ortiz De Zarate has been named general director of Berkley International Seguros México.Berkley International Fianzas México to focus on surety business; Berkley International Seguros México to offer specialty commercial insurance products.
Rupa & Company Ltd : Unit Oban Fashions Pvt Ltd had entered into license agreement with Fruit of Loom Inc., subsidiary of Berkshire Hathaway Company . Says unit has acquired exclusive license from Fruit of Loom, Inc .License to manufacture, distribute, advertise and sell innerwear and outerwear products for men, boys, women, girls and toddler in India.
Santam Ltd : Says trading statement for year ended Dec. 31 2016 . Santam HEPS for year ended Dec.31 to be between 39 to 44 pct below and EPS to be between 44 to 49 pct lower versus last year . Says HEPS is expected to be between 1 033 cps and 1 125 cps (2015: 1 844 cps) . Says EPS is expected to be between 1 066 cps and 1 170 cps (2015: 2 090 cps) . Says decrease in HEPS and EPS has been driven by a normalisation of net underwriting results . Says net underwriting margin is expected to be above midpoint of long term target range of 4 to 8 pct of net earned premiums .Says net commission ratio also increased following lower reinsurance commission earned on specialist business lines and higher commission rates.
W. R. Berkley Corp :Formation of Berkley Transactional As A Division Of Berkley Professional Liability Underwriters.
Visa Inc : Visa inc completes acquisition of Visa Europe .Appointed Gary Hoffman, CEO of Hastings Group, as a board member of Visa Inc.
Global Indemnity PLC : Global Indemnity PLC announces proposed redomestication to the Cayman Islands from Ireland . Does not expect redomestication will have any material impact on financial results, including co's global effective tax rate . Co's shareholders will be asked to vote in favor of completing reorganization proposal at a special shareholders meeting .If move is approved by shareholders, co intends that Global Indemnity Ltd a ordinary shares will trade on Nasdaq under ticker symbol GBLI.
Tryg A/S:New management structure replaces current group executive management.Affected group executive vice presidents will continue, either as directors of one of new established business areas or will have other jobs within organisation.