Articles
Insurance
Allied World Assurance Company posted improved profits in the first quarter of 2017 largely driven by improved net realised investment gains but its reinsurance shrank in response to soft market conditions. 28 April 2017
Insurance
The impact of the low interest rate environment has yet to test the robustness of both life and non-life re/insurers as the effect slowly trickles down on companies’ balance sheets, increasingly impacting results, according to Moody’s. 28 April 2017
Insurance
Bermuda-based Validus Holdings recorded a sharp drop in net income on lower underwriting income and a deteriorating combined ratio. 27 April 2017
Insurance
Specialty insurer Markel has seen its net income drop significantly in the first quarter of 2017 as the combined ratio jumped due to a reserve charge after the UK’s bodily injury Ogden discount rate change. 27 April 2017
Insurance
XL Group has announced a significant increase in net income for the first quarter despite greater catastrophe losses and a hit from the UK’s personal injury Ogden discount rate change. 27 April 2017
Insurance
Disruptive Capital Investments, a £250 million fund controlled and managed by City financier Edi Truell, has acquired a majority stake in REG (UK), an online counterparty risk management platform for the UK general insurance market. 27 April 2017
Insurance
Chubb enjoyed a very profitable first quarter and strong growth aided by underwriting income generated by the property/casualty business leading to substantial underwriting income and improved investment returns. 26 April 2017
Insurance
London firm Pen Underwriting has entered a strategic partnership with specialist insurer Markel International to strengthen its presence in the equestrian market and drive product innovation in the sector, the company said in a statement. 26 April 2017
Insurance
US-based commercial insurance provider CNA Financial Corporation has appointed Nick Creatura to the position of president and chief executive officer (CEO) for its Canadian operations. His appointment is effective from May 15. 26 April 2017
Insurance
Insurance brokerage and risk management firm Arthur J Gallagher (AJG) has acquired Commercial Insurance Brokers, the Tulsa, Oklahoma-based group of insurance producers and service personnel. 26 April 2017
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