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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
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
Broker Willis Towers Watson has appointed John Puetz as corporate risk and broking (CRB) segment leader for the Missouri/Kansas market. 2 May 2017
Insurance
Insurtech funding in the first quarter of 2017 dropped severely compared to the same period last year as significant investments made in 2016 reach the product launch phase, according to Willis Towers Watson Securities. 2 May 2017
Insurance
Revenues at reinsurance broker Guy Carpenter increase by 4 percent in the first quarter of 2017 reaching $385 million, according to results released by its parent Marsh & McLennan Companies. 28 April 2017
Insurance
Canada-based property/casualty re/insurer Fairfax Financial Holdings has recorded a profit in the first quarter of 2017 after a loss in the same period a year earlier while in the process of acquiring Allied World Assurance Company. 28 April 2017
News
Life reinsurer Reinsurance Group of America (RGA) enjoyed strong growth and better profits in the first quarter as its CEO said she remains optimistic about the environment and the company’s pipeline of business and deals. 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
Qatar Insurance Company (QIC), the insurance group that owns Qatar Re and Antares, enjoyed solid growth in the first quarter of 2017 driven by contributions from these reinsurance and speciality insurance subsidiaries specifically. 26 April 2017
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