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Montpelier Q2 profits slip; CEO remains bullish

Bermuda29-07-2014Reinsurance News

Bermuda-based Montpelier Re posted operating profits of $36 million for the second quarter of 2014, down from $49.6 million in the same period of 2013.

AJG appoints chief service officer

North America28-07-2014Insurance News

Arthur J Gallagher has appointed Vishal Jain, who currently oversees the company's service centre operations, as chief service officer.

Foreign exchange movements force Hiscox’s profit down

Bermuda, Europe, North America28-07-2014Insurance News, Reinsurance News

Re/insurer Hiscox’s profits fell 31 percent in the first half of 2014 as adverse foreign exchange movements, a soft market and UK floods took their toll.

Aspen shareholders reject Endurance proposals

Bermuda, North America28-07-2014Insurance News

Endurance’s attempted takeover of Aspen has come to a standstill as Endurance fails to secure the required support.

Brazilian reinsurance market grows 29%

Brazil, Latin America28-07-2014Reinsurance News

The Brazilian reinsurance market has grown at a cumulative real growth rate of 29 percent since the opening of Brazil’s reinsurance market to competition in 2008, following the break of state-controlled IRB Brasil Resseguros' (IRB) former monopoly.

RFIB hires marine director

Europe28-07-2014Insurance News, Reinsurance News

Lloyd’s re/insurance broker RFIB Group has appointed Malcolm Gray as a divisional director of its marine international division.

Markerstudy acquires Supercover

Europe28-07-2014Insurance News

Supercover, the specialist insurance broker and claims administrator, has joined the burgeoning retail arm of the Markerstudy portfolio of businesses in a deal worth over £20 million.

Blue Capital Re Q2 results in line with expectations

Bermuda28-07-2014Reinsurance News

Bermuda-based Blue Capital Re, a provider of collateralised reinsurance in the property catastrophe market, has posted its first half year results.

Aon Benfield’s revenues drop in Q2 results

Europe, North America25-07-2014Insurance News

Aon Benfield’s revenues dropped in the second quarter of 2014 on the back of what it called an unfavourable market impact on treaty business and a decline in its facultative placements.

Brightside bought by PE firm; will seek acquisitions

Europe25-07-2014Insurance News

UK insurance broker Brightside Group has been acquired by AnaCap Financial Partners, a specialist European financial services private equity firm.

Showing 17561 to 17570 of 20134 results

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