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Insurance
Positive reserve development helps RSA absorb £40m Ogden hit
UK insurer RSA incurred a net charge of around £40 million in the UK relating to the change in Ogden discount rate but was able to more than offset it through positive reserve development elsewhere in the group, the company said in its 2017 Q1 trading update.   4 May 2017
News
Profits tumble at PartnerRe but CEO highlights positives
Profits plummeted at PartnerRe in the first quarter of the year as it blamed a number of factors including changes to the Ogden discount rate in the UK, a decline in favorable prior year reserve development and lower profitability in its health line of business.   4 May 2017
Insurance
Profits up, GWP down at Lancashire as CEO warns on 'unsustainable' rates
Lancashire Holdings enjoyed a rise in profits in the first quarter of 2017 though the company’s gross written premiums shrank significantly.   4 May 2017
Insurance
Chubb creates new roles, promotes in UK and Ireland
Property/casualty insurer Chubb has announced new management roles and promotions in the UK and Ireland to further build its presence in the middle market.   27 April 2017
Insurance
Validus Q1 profits tumble on lower underwriting income
Bermuda-based Validus Holdings recorded a sharp drop in net income on lower underwriting income and a deteriorating combined ratio.   27 April 2017
Insurance
Markel reports Q1 combined ratio jump due to Ogden hit
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
Towergate manages turnaround in 2016
Insurance intermediary Towergate has managed the turnaround in 2016 while restructuring continues.   27 April 2017
Insurance
Syndicate Research downgrades Lloyd's Syndicate 2001
Syndicate Research Limited (SRL) downgraded the Continuity Opinion of Lloyd’s Syndicate 2001 due to its financial underperformance.   27 April 2017
Insurance
Commercial brokers need to rethink strategy to stay relevant
Commercial insurance brokers will need to have evolved into real business advisors for their small and medium-sized (SME) customers by 2027 or face extinction, warns a new report from the Chartered Insurance Institute (CII)’s Insurance Broking Faculty.   27 April 2017
Insurance
Q1 profits soar at Chubb driven by P/C unit
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

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