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Insurance
Profits fell at Bermuda-based Aspen Insurance Holdings in the first quarter because of net realized investment losses but the company also enjoyed solid growth in its gross written premiums, writing more than $1 billion worth of premium in the quarter for the first time. 3 May 2018
Insurance
Rate increases and a benign loss environment combined to help specialty insurance provider Lancashire Holdings increase profits while growing gross premiums written in the first quarter of 2018 although its CEO warned that the demand-supply dynamic has not shifted sufficiently to bring about fundamental rate changes across the board. 3 May 2018
Insurance
US-based broker Brown & Brown has entered into an agreement to acquire the Servco Pacific Insurance (SPI) operations in Hawaii and the Pacific Northwest. 3 May 2018
Insurance
Broker Aon has appointed Lambros Lambrou to the new role of global chief commercial officer and CEO of global specialties for the firm’s commercial risk business. 2 May 2018
Insurance
US-based personal lines property and casualty insurer The Allstate Corporation benefitted from a decline in auto accident frequency and lower catastrophe losses in the first quarter of 2018. 2 May 2018
Insurance
Broker Arthur J Gallagher has a full pipeline of attractive acquisition targets, CEO J Patrick Gallagher, Jr. said during the first quarter 2018 results conference call. 2 May 2018
Insurance
Bermuda-based Arch Capital's growth in the first quarter of 2018 was driven by its reinsurance segment and specifically growth in international motor contracts. 2 May 2018
Insurance
The current rate increases in the insurance sector are justified, the Arthur J Gallagher CEO J Patrick Gallagher, Jr., said during the broker’s first quarter 2018 results conference call. 2 May 2018
Insurance
Bermuda-based RenaissanceRe CEO Kevin O'Donnell described the recent renewals as “successful,” while profits fell in the first quarter of 2018 despite improvements on the underwriting side. 2 May 2018
Insurance
Swiss Re has strengthened its African business through its newly approved licence for property & casualty (P&C) business in South Africa. 2 May 2018
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