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Swiss Re blamed high levels of insurance claims from natural catastrophe events and a challenging business environment for a big slump in its profits in the first quarter of 2017 as gross written premiums at the company also decreased. 4 May 2017
Insurance
Broker Willis Towers Watson has appointed Maureen Tarantello to head the company's West region, and join its North America leadership team. 4 May 2017
News
The Reinsurance Association of America (RAA) has appointed Adam Kerns as vice president, State Relations. 4 May 2017
Insurance
An agile and lean managing general agent (MGA) market may help insurers respond to a soft market which makes finding profitable growth a challenging quest. 3 May 2017
Insurance
In tough times, leveraging the expertise and access to risks that many managing general agents possess can be an enticing prospect for insurers, as Intelligent Insurer discovers. 3 May 2017
Insurance
Speciality property/casualty insurance group AmTrust Financial Services (AFSI) should take a reserve charge “in the hundreds of millions of dollars” and commit to “much-improved disclosure” in order to restore investor confidence, according to analysts at Keefe, Bruyette & Woods. 3 May 2017
Insurance
Following the completion of its acquisition of Ironshore, property/casualty insurer Liberty Mutual has combined its existing Liberty International Underwriters (LIU) US business and Ironshore’s US specialty lines business under the Ironshore brand. 3 May 2017
Insurance
Insurance group White Mountains has agreed to sell OneBeacon Insurance Group to Intact Financial Corporation, Canada's largest provider of property/casualty insurance, for approximately $1.7 billion. 3 May 2017
Insurance
Re/insurer QBE North America, part of QBE Insurance Group, has appointed Marcia Blanco as senior vice president, Western region specialty underwriting and engagement leader. 3 May 2017
News
Gross written premiums grew steadily at Greenlight Capital Re in the first quarter as its CEO said he was pleased with the January renewals. But the company’s profits plummeted largely as a result of higher expenses. 3 May 2017
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