The Hartford posted weak results in the second quarter as elevated cat losses, the sale of its Japanese annuity business and deterioration on its asbestos and environmental liabilities took their toll.
Canadian insurer Fairfax Financial Holdings has returned to profit in the second quarter of 2014 driven by gains in investments and stronger underwriting performance.
The Hanover Insurance Group has posted a strong set of results for the second quarter driven by growth in the insurers’ commercial lines and Chaucer business.
Lloyd’s insurer ERS, formerly Equity Red Star, has made a half year profit for the first time in five years.
Business processing provider, Xchanging, posted a 24 percent reduction in Q2 profits, but says that it remains on par to reach its end of year target.
Specialist listed Lloyd’s insurer Novae Group has appointed William Alderton as unit head of its newly formed international property binder unit.
Bermuda-based Arch Capital posted increased profits and a 20 percent increase in gross premiums written in Q2, focusing heavily on the convergence space and US mortgage business.
Arthur J. Gallagher has acquired US employee benefit consultation firm Insurance Point.
The Hartford has made a number of changes to its senior leadership team.
Aon has appointed John Bruno as executive vice president (EVP) of enterprise innovation and chief information officer.