Aspen’s annual results reveal a ramping up of its insurance business, despite its reinsurance business being the more profitable segment.
Specialist energy loss adjuster Lloyd Warwick International is looking to increase its international presence following its successful launch last year.
Catlin strengthened its pre-tax profit by 27 percent and its net income by 29 percent during a strong year for the multi-class re/insurer, particularly in its international segment.
Beazley delivered some small growth and a substantial increase in its profits in 2013. It also warned intensifying competition in some areas but also remains bullish on its ability to find profitable opportunities across the breadth of its business.
Farming communities in several African countries are to benefit from the formation of an index-based weather insurance programme that will offer them protection against adverse weather events and the effects of climate change.
ACE Group has strengthened its UK team with the appointment of Nick Lee as head of client management, UK & Ireland.
January’s extreme weather in the US will cost the industry over $1.5 billion in insured losses according to Impact Forecasting, Aon Benfield's catastrophe model development centre. Economic losses are estimated at $3 billion.
Despite competition, Montpelier Re achieved a combined ratio of 39 percent during the fourth quarter of 2013 thanks to a benign catastrophe year.
Bermuda-based re/insurer Endurance posted a 4.6 percent increase in group-wide gross written premiums, despite “significant non-renewals” and “reduced participation on contracts” in the reinsurance sector.
Tower Group International (TGI)’s chairman, president and CEO Michael Lee has resigned from the company to “follow personal interests” with immediate effect.