The Trader 

Market Outlook: Insurance woes ahead of shin-dig

The Trader

Yesterday insurance giants AIG and Swiss Re warned that Q3 2018 numbers would be seriously impacted by a string of natural disasters this year from reassessing the damage of California mudslides, Japan’s typhoons, and US East Coast hurricanes. The US-based firm expects losses of up to $1.7 billion, while the Swiss firm predicted a $1.1 billion loss, a ‘large amount for an individual quarter’.  This comes ahead of Sunday’s (to the 25th) reinsurance meeting in Baden-Baden, Germany, where brokers and reinsurers meet to compare notes and pricing ahead of the renewals season that starts in January.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now