SVB predicts £10m hit from cat losses
Lloyd's insurer SVB has announced updated forecasts of potential losses incurred from weather catastrophe events, estimating its second half results will be impacted to the tune of £10m.
In a statement, the insurer said: "At the time of SVB’s interim announcement on 17 th September we gave indications of the net cost to SVB of Hurricanes Frances, Charley and Ivan. Since then there hasOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Simply Business launches ChatGPT option for small business quotes
Small businesses are the latest sector to be offered insurance quotes through ChatGPT, after Simply Business launches the service in the UK and US.
Aviation losing money despite being ‘safest it’s ever been’
At the Marsh Aviation Summit, aviation underwriters lamented a lack of infrastructure investment and low profits, despite safety levels being as high as ever.
Intact calls for improved flood resilience products
A study has called for more sophisticated flood protection products for commercial properties, warning that millions of buildings are facing increased flood risk across the UK.
Supreme Court confirms £1bn furlough win for insurers
Insurers can rejoice today (22 April) after the Supreme Court rejected the policyholder appeal surrounding furlough payments relating to Covid business interruption claims.
Commercial insurance rates dip 8%
UK commercial insurance rates decreased by 8% in the first quarter of 2026, outpacing most other major markets, according to the latest Global Insurance Market Index from Marsh.
Can nuclear-fuelled ships help Britannia rule the waves again?
With a new UK consortium betting nuclear-powered merchant ships can decarbonise global shipping and revive Britain’s maritime edge, Tim Evershed investigates how major hurdles around cost, regulation, safety and insurability remain.
CFC launches agentic AI underwriting pilot
CFC has launched Lane Assist, a pilot of agentic underwriting in specialty insurance that aims to speed up submissions from email through to quote recommendation.
DOXA makes UK entry with Eaton Gate acquisition
US-based DOXA has bought Eaton Gate for an undisclosed sum, marking its first move into the UK market and signalling further international expansion plans.